De Lisle Partners LLP Increases Stock Position in NN, Inc. (NASDAQ:NNBR)

De Lisle Partners LLP increased its stake in NN, Inc. (NASDAQ:NNBR) by 20.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 337,595 shares of the industrial products company’s stock after purchasing an additional 57,032 shares during the quarter. De Lisle Partners LLP owned about 0.68% of NN worth $1,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moss Adams Wealth Advisors LLC bought a new stake in shares of NN during the third quarter valued at about $43,000. SG Americas Securities LLC bought a new stake in NN during the 1st quarter worth approximately $53,000. BNP Paribas Financial Markets lifted its stake in NN by 41.4% in 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in NN in the 2nd quarter worth approximately $61,000. Finally, Rhumbline Advisers boosted its holdings in NN by 3,510.9% in the 2nd quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 52,488 shares during the period. 53.92% of the stock is currently owned by institutional investors.

NN Trading Down 0.3 %

NN stock opened at $3.91 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96. NN, Inc. has a fifty-two week low of $2.25 and a fifty-two week high of $5.40. The stock has a market cap of $195.30 million, a P/E ratio of -3.59 and a beta of 2.96. The firm’s fifty day moving average price is $3.81 and its 200-day moving average price is $3.55.

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.