NN, Inc. (NASDAQ:NNBR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of NN, Inc. (NASDAQ:NNBR) by 37.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,023 shares of the industrial products company’s stock after purchasing an additional 5,752 shares during the quarter. SG Americas Securities LLC’s holdings in NN were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of NN during the 3rd quarter worth $39,000. Moss Adams Wealth Advisors LLC acquired a new position in shares of NN during the 3rd quarter worth $43,000. BNP Paribas Financial Markets grew its stake in shares of NN by 41.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 3,251 shares during the period. Kolinsky Wealth Management LLC acquired a new position in shares of NN during the 3rd quarter worth $56,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of NN during the 2nd quarter worth $61,000. 53.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $3.87, for a total value of $1,654,928.10. Following the sale, the insider now directly owns 810,567 shares in the company, valued at $3,136,894.29. The trade was a 34.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.85% of the company’s stock.

NN Stock Performance

NASDAQ:NNBR opened at $3.31 on Friday. NN, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $5.40. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27. The firm’s fifty day simple moving average is $3.26 and its 200-day simple moving average is $3.58. The stock has a market cap of $165.33 million, a PE ratio of -3.04, a price-to-earnings-growth ratio of 2.04 and a beta of 2.98.

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.