NN (NASDAQ:NNBR) Major Shareholder Corre Partners Management, Llc Sells 315,436 Shares

NN, Inc. (NASDAQ:NNBR) major shareholder Corre Partners Management, Llc sold 315,436 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $2.06, for a total value of $649,798.16. Following the completion of the sale, the insider directly owned 726,198 shares of the company’s stock, valued at approximately $1,495,967.88. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total value of $797,288.69.
• On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The shares were sold at an average price of $2.04, for a total value of $81,661.20.

NN Stock Up 13.7%

NNBR stock opened at $2.32 on Friday. NN, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.63. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.83 and a quick ratio of 1.09. The stock has a market capitalization of $116.44 million, a price-to-earnings ratio of -2.17, a PEG ratio of 0.39 and a beta of 2.21. The business’s fifty day moving average price is $1.56 and its two-hundred day moving average price is $1.53.

Key NN News

Here are the key news stories impacting NN this week:

• Positive Sentiment: Sidoti raised near‑term earnings forecasts (FY2026 EPS to $0.12 from $0.11 and several quarterly tweaks that raise Q3/Q3‑2027 estimates). Upward revisions give fundamental cover for buyers. Sidoti estimate changes
• Positive Sentiment: Technical: shares recently cleared the 200‑day moving average, a bullish signal that can attract momentum traders and ETFs tracking technical rules. 200‑day moving average note
• Neutral Sentiment: Volume spike — trading volume is materially above average (about 2.44M vs ~584k average), indicating heightened interest; higher volume supports the move but can amplify volatility.
• Negative Sentiment: Large insider selling: major shareholder Corre Partners disposed of sizable blocks over April 15–17 (roughly 703,600 shares sold across filings), reducing their stake to ~622k shares and raising roughly $1.53M in proceeds. Significant insider exits can pressure sentiment and supply. SEC ownership filings
• Negative Sentiment: Underlying fundamentals remain mixed: consensus full‑year EPS is negative (≈-$0.20), the company shows a high debt load (debt/equity ~4.52) and a negative P/E — factors that limit tolerance for setbacks and could cap longer‑term upside.

Institutional Investors Weigh In On NN

Several hedge funds and other institutional investors have recently made changes to their positions in NNBR. Nantahala Capital Management LLC grew its holdings in shares of NN by 69.4% during the 2nd quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company’s stock valued at $5,127,000 after purchasing an additional 1,000,000 shares during the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of NN by 21.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company’s stock worth $5,792,000 after purchasing an additional 483,952 shares during the last quarter. UBS Group AG grew its holdings in shares of NN by 15,147.1% during the third quarter. UBS Group AG now owns 279,632 shares of the industrial products company’s stock worth $576,000 after purchasing an additional 277,798 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of NN by 291.0% during the fourth quarter. Renaissance Technologies LLC now owns 367,500 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 273,500 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its holdings in NN by 8.2% during the 4th quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company’s stock worth $3,845,000 after acquiring an additional 228,800 shares during the last quarter. 53.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NNBR shares. Zacks Research downgraded NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. B. Riley Financial dropped their target price on NN from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NN in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $3.00.

About NN

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.