State Street Corp Has $2.01 Million Stock Holdings in NN, Inc. (NASDAQ:NNBR)

State Street Corp boosted its position in shares of NN, Inc. (NASDAQ:NNBR) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 514,408 shares of the industrial products company’s stock after purchasing an additional 28,678 shares during the period. State Street Corp owned 1.03% of NN worth $2,006,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of 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 buying an additional 287,060 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in NN in the second quarter valued at approximately $1,032,000. Bank of New York Mellon Corp bought a new stake in NN in the second quarter worth approximately $429,000. Legion Partners Asset Management LLC increased its stake in shares of NN by 11.9% during the 2nd quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company’s stock worth $14,376,000 after purchasing an additional 510,000 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of NN during the 2nd quarter valued at $265,000. 53.92% of the stock is owned by institutional investors and hedge funds.

NN Stock Down 5.2 %

NNBR stock opened at $3.27 on Thursday. The firm has a market cap of $163.32 million, a PE ratio of -3.00 and a beta of 2.97. NN, Inc. has a 1 year low of $2.84 and a 1 year high of $5.40. The company has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $3.66. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

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.