Empowered Funds LLC Boosts Stock Holdings in NN, Inc. (NASDAQ:NNBR)

Empowered Funds LLC raised its position in shares of NN, Inc. (NASDAQ:NNBR) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,637 shares of the industrial products company’s stock after acquiring an additional 9,112 shares during the quarter. Empowered Funds LLC owned approximately 0.36% of NN worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NNBR. Moss Adams Wealth Advisors LLC purchased a new position in NN in the 3rd quarter valued at $43,000. SG Americas Securities LLC purchased a new stake in shares of NN during the first quarter worth $53,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NN in the second quarter valued at about $61,000. Rhumbline Advisers boosted its position in NN by 3,510.9% during the second quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 52,488 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in NN by 72.4% during the third quarter. GSA Capital Partners LLP now owns 61,898 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 25,989 shares during the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NN Stock Up 0.3 %

NNBR stock opened at $3.96 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of $3.79 and a two-hundred day moving average of $3.54. NN, Inc. has a 12 month low of $2.25 and a 12 month high of $5.40. The company has a market cap of $197.79 million, a price-to-earnings ratio of -3.63 and a beta of 2.96.

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.