Dimensional Fund Advisors LP Trims Holdings in NN, Inc. (NASDAQ:NNBR)

Dimensional Fund Advisors LP decreased its holdings in NN, Inc. (NASDAQ:NNBR) by 14.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606,221 shares of the industrial products company’s stock after selling 103,081 shares during the quarter. Dimensional Fund Advisors LP owned about 1.21% of NN worth $1,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Register Financial Advisors LLC raised its position in NN by 11.9% in the 2nd quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company’s stock valued at $3,483,000 after purchasing an additional 123,505 shares during the last quarter. American Century Companies Inc. raised its position in NN by 80.7% in the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock valued at $1,928,000 after purchasing an additional 287,060 shares during the last quarter. Acadian Asset Management LLC raised its position in NN by 102.0% in the 2nd quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company’s stock valued at $625,000 after purchasing an additional 105,429 shares during the last quarter. Empowered Funds LLC raised its position in NN by 8.1% in the 1st quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock valued at $750,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in NN during the 2nd quarter worth $429,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NN Stock Up 4.3 %

Shares of NN stock opened at $3.84 on Friday. The company has a market cap of $192.19 million, a P/E ratio of -3.37 and a beta of 2.93. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.29 and a current ratio of 2.04. NN, Inc. has a one year low of $1.64 and a one year high of $5.40. The firm has a fifty day moving average of $3.68 and a two-hundred day moving average of $3.60.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $122.99 million during the quarter, compared to the consensus estimate of $123.59 million. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, analysts forecast that NN, Inc. will post -0.16 earnings per share for the current year.

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.