Paradigm Capital Management Inc. NY Purchases New Position in NN, Inc. (NASDAQ:NNBR)

Paradigm Capital Management Inc. NY acquired a new position in shares of NN, Inc. (NASDAQ:NNBR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 344,100 shares of the industrial products company's stock, valued at approximately $1,032,000. Paradigm Capital Management Inc. NY owned 0.69% of NN as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in NNBR. Victory Capital Management Inc. acquired a new stake in NN during the fourth quarter worth about $140,000. Register Financial Advisors LLC increased its position in shares of NN by 20.2% during the first quarter. Register Financial Advisors LLC now owns 1,037,463 shares of the industrial products company's stock valued at $4,918,000 after purchasing an additional 174,487 shares during the period. Cannon Global Investment Management LLC acquired a new position in shares of NN in the first quarter valued at $85,000. Fifth Lane Capital LP bought a new position in NN in the first quarter worth $53,000. Finally, Empowered Funds LLC boosted its stake in NN by 8.1% during the first quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company's stock worth $750,000 after buying an additional 11,900 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company's stock.

NN Price Performance

Shares of NNBR stock traded up $0.10 during mid-day trading on Tuesday, reaching $3.75. The company's stock had a trading volume of 69,579 shares, compared to its average volume of 200,652. The firm's 50-day moving average is $3.68 and its two-hundred day moving average is $3.68. The company has a market cap of $187.52 million, a P/E ratio of -2.61 and a beta of 2.94. NN, Inc. has a 1-year low of $1.63 and a 1-year high of $5.40. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.29 and a current ratio of 2.04.

NN (NASDAQ:NNBR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. The firm had revenue of $122.99 million during the quarter, compared to analyst estimates of $123.59 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. On average, research analysts predict that NN, Inc. will post -0.16 earnings per share for the current year.

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.