NN, Inc. (NASDAQ:NNBR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of NN, Inc. (NASDAQ:NNBR) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,106,498 shares of the industrial products company’s stock after acquiring an additional 26,024 shares during the period. Geode Capital Management LLC owned about 2.22% of NN worth $4,316,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NNBR. Barclays PLC boosted its holdings in NN by 276.5% in the third quarter. Barclays PLC now owns 60,684 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 44,568 shares during the period. Jane Street Group LLC raised its stake in NN by 58.1% in the third quarter. Jane Street Group LLC now owns 33,621 shares of the industrial products company’s stock valued at $131,000 after buying an additional 12,362 shares in the last quarter. State Street Corp lifted its holdings in NN by 5.9% during the 3rd quarter. State Street Corp now owns 514,408 shares of the industrial products company’s stock worth $2,006,000 after buying an additional 28,678 shares during the last quarter. Kolinsky Wealth Management LLC purchased a new stake in NN during the 3rd quarter worth about $56,000. Finally, De Lisle Partners LLP boosted its position in shares of NN by 20.3% during the 3rd quarter. De Lisle Partners LLP now owns 337,595 shares of the industrial products company’s stock worth $1,315,000 after acquiring an additional 57,032 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Price Performance

Shares of NASDAQ NNBR opened at $3.30 on Monday. The stock’s 50-day simple moving average is $3.72 and its 200-day simple moving average is $3.66. NN, Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $5.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96. The firm has a market capitalization of $164.82 million, a PE ratio of -3.03 and a beta of 2.97.

NN Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.