NN, Inc. (NASDAQ:NNBR) Major Shareholder Corre Partners Management, Llc Sells 427,630 Shares

NN, Inc. (NASDAQ:NNBR - Get Free Report) major shareholder Corre Partners Management, Llc sold 427,630 shares of NN stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of the sale, the insider now owns 810,567 shares in the company, valued at $3,136,894.29. The trade was a 34.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

NN Stock Up 1.9 %

Shares of NASDAQ:NNBR traded up $0.05 during midday trading on Wednesday, reaching $2.74. The company had a trading volume of 1,019,436 shares, compared to its average volume of 3,108,886. NN, Inc. has a 1-year low of $2.38 and a 1-year high of $5.40. The stock has a market cap of $136.85 million, a PE ratio of -2.51 and a beta of 2.99. 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 business's 50 day moving average price is $3.58 and its 200 day moving average price is $3.64.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NNBR. BNP Paribas Financial Markets boosted its holdings in shares of NN by 41.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company's stock valued at $43,000 after buying an additional 3,251 shares during the last quarter. Renaissance Technologies LLC lifted its stake in NN by 7.2% in the second quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company's stock valued at $381,000 after acquiring an additional 8,500 shares during the last quarter. Empowered Funds LLC grew its position in shares of NN by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company's stock valued at $701,000 after acquiring an additional 9,112 shares during the period. Virtu Financial LLC bought a new position in shares of NN in the 3rd quarter valued at about $39,000. Finally, Moss Adams Wealth Advisors LLC acquired a new position in shares of NN during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 53.92% of the company's stock.

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.

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