NN, Inc. (NASDAQ:NNBR) Shares Sold by RBF Capital LLC

RBF Capital LLC lowered its stake in shares of NN, Inc. (NASDAQ:NNBR - Free Report) by 86.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,838 shares of the industrial products company's stock after selling 162,430 shares during the quarter. RBF Capital LLC's holdings in NN were worth $97,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of NN by 80.7% in the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company's stock valued at $1,928,000 after purchasing an additional 287,060 shares during the period. Paradigm Capital Management Inc. NY bought a new position in NN in the 2nd quarter worth approximately $1,032,000. Bank of New York Mellon Corp acquired a new stake in NN in the 2nd quarter valued at approximately $429,000. Legion Partners Asset Management LLC raised its stake in NN by 11.9% during the 2nd quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company's stock valued at $14,376,000 after acquiring an additional 510,000 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of NN in the second quarter worth $265,000. 53.92% of the stock is owned by institutional investors and hedge funds.

NN Price Performance

NN stock traded down $0.03 during trading hours on Friday, hitting $3.94. 56,828 shares of the company traded hands, compared to its average volume of 178,648. NN, Inc. has a 1-year low of $2.74 and a 1-year high of $5.40. The firm has a market cap of $196.79 million, a P/E ratio of -3.61 and a beta of 2.97. The firm's 50-day simple moving average is $3.85 and its two-hundred day simple moving average is $3.59. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27.

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.