The Manufacturers Life Insurance Company Makes New $61,000 Investment in NN, Inc. (NASDAQ:NNBR)

The Manufacturers Life Insurance Company bought a new position in shares of NN, Inc. (NASDAQ:NNBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,402 shares of the industrial products company’s stock, valued at approximately $61,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Register Financial Advisors LLC grew its stake in NN by 20.2% in the first quarter. Register Financial Advisors LLC now owns 1,037,463 shares of the industrial products company’s stock worth $4,918,000 after purchasing an additional 174,487 shares in the last quarter. Cannon Global Investment Management LLC bought a new position in shares of NN during the 1st quarter worth $85,000. Fifth Lane Capital LP purchased a new position in shares of NN during the first quarter valued at $53,000. Empowered Funds LLC raised its holdings in shares of NN by 8.1% in the first quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock valued at $750,000 after acquiring an additional 11,900 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of NN in the first quarter valued at about $53,000. Institutional investors own 53.92% of the company’s stock.

NN Stock Down 1.4 %

Shares of NN stock opened at $4.10 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.04 and a quick ratio of 1.29. The stock has a market cap of $205.02 million, a price-to-earnings ratio of -2.93 and a beta of 2.93. The firm’s 50-day moving average is $3.77 and its two-hundred day moving average is $3.56. NN, Inc. has a 1 year low of $1.70 and a 1 year high of $5.40.

NN (NASDAQ:NNBR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $122.99 million for 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 period last year, the firm earned ($0.08) earnings per share. As a group, research analysts expect that NN, Inc. will post -0.16 earnings per share for the current fiscal year.

About NN

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.