NN, Inc. (NASDAQ:NNBR) Shares Purchased by Legion Partners Asset Management LLC

Legion Partners Asset Management LLC grew its holdings in shares of NN, Inc. (NASDAQ:NNBR - Free Report) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,791,929 shares of the industrial products company's stock after purchasing an additional 510,000 shares during the period. NN makes up about 4.4% of Legion Partners Asset Management LLC's holdings, making the stock its 9th biggest position. Legion Partners Asset Management LLC owned approximately 9.58% of NN worth $14,376,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NNBR. Register Financial Advisors LLC grew its holdings in 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 worth $4,918,000 after acquiring an additional 174,487 shares during the period. Cannon Global Investment Management LLC purchased a new position in shares of NN in the 1st quarter valued at about $85,000. Fifth Lane Capital LP acquired a new stake in shares of NN in the first quarter valued at about $53,000. Empowered Funds LLC boosted its holdings 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. Finally, SG Americas Securities LLC acquired a new position in NN during the first quarter worth about $53,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

NN Price Performance

NN stock traded up $0.21 during mid-day trading on Friday, reaching $3.97. The company had a trading volume of 109,109 shares, compared to its average volume of 199,671. The stock's 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.66. The company has a market capitalization of $198.70 million, a P/E ratio of -2.84 and a beta of 2.94. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.04 and a quick ratio of 1.29. NN, Inc. has a 1 year low of $1.63 and a 1 year high of $5.40.

NN (NASDAQ:NNBR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $122.99 million during the quarter, compared to analysts' expectations of $123.59 million. NN had a negative return on equity of 7.70% and a negative net margin of 8.38%. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities analysts predict that NN, Inc. will post -0.16 EPS for the current year.

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.