Empowered Funds LLC Has $618,000 Stake in NN, Inc. (NASDAQ:NNBR)

Empowered Funds LLC raised its stake in NN, Inc. (NASDAQ:NNBR) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,061 shares of the industrial products company’s stock after buying an additional 9,424 shares during the quarter. Empowered Funds LLC owned 0.38% of NN worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NNBR. Geode Capital Management LLC increased its holdings in shares of NN by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,106,498 shares of the industrial products company’s stock worth $4,316,000 after acquiring an additional 26,024 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of NN by 58.1% in the third quarter. Jane Street Group LLC now owns 33,621 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 12,362 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of NN by 37.7% in the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 5,752 shares in the last quarter. Barclays PLC increased its holdings in shares of NN by 276.5% in the third quarter. Barclays PLC now owns 60,684 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 44,568 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of NN by 5.9% in the third quarter. State Street Corp now owns 514,408 shares of the industrial products company’s stock worth $2,006,000 after acquiring an additional 28,678 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Stock Down 5.2 %

Shares of NN stock opened at $3.30 on Wednesday. NN, Inc. has a 1 year low of $2.38 and a 1 year high of $5.29. The business has a 50-day moving average of $3.23 and a two-hundred day moving average of $3.57. The company has a market capitalization of $164.84 million, a P/E ratio of -3.03, a price-to-earnings-growth ratio of 2.04 and a beta of 2.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18.

Insiders Place Their Bets

In related news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of the transaction, the insider now directly owns 810,567 shares in the company, valued at approximately $3,136,894.29. This trade represents a 34.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.85% of the company’s stock.

NN Company 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.