NN, Inc. (NASDAQ:NNBR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in NN, Inc. (NASDAQ:NNBR) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,463 shares of the industrial products company’s stock after selling 5,285 shares during the period. Rhumbline Advisers owned about 0.09% of NN worth $149,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Register Financial Advisors LLC grew its stake in shares of NN by 2.5% in the 4th quarter. Register Financial Advisors LLC now owns 1,243,137 shares of the industrial products company’s stock worth $4,065,000 after purchasing an additional 29,775 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NN by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,106,498 shares of the industrial products company’s stock worth $4,316,000 after purchasing an additional 26,024 shares during the last quarter. State Street Corp grew its stake in shares of NN by 5.9% in the 3rd quarter. State Street Corp now owns 514,408 shares of the industrial products company’s stock worth $2,006,000 after purchasing an additional 28,678 shares during the last quarter. De Lisle Partners LLP grew its stake in shares of NN by 20.3% in the 3rd quarter. De Lisle Partners LLP now owns 337,595 shares of the industrial products company’s stock worth $1,315,000 after purchasing an additional 57,032 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of NN by 5.2% in the fourth quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company’s stock worth $618,000 after buying an additional 9,424 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Stock Performance

Shares of NNBR opened at $2.69 on Tuesday. NN, Inc. has a one year low of $2.38 and a one year high of $5.20. The company has a 50-day moving average of $3.01 and a two-hundred day moving average of $3.52. The stock has a market cap of $134.35 million, a price-to-earnings ratio of -2.47, a PEG ratio of 2.01 and a beta of 3.07. 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 firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. 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.