Pacific Ridge Capital Partners LLC Cuts Stock Position in NN, Inc. (NASDAQ:NNBR)

Pacific Ridge Capital Partners LLC decreased its holdings in shares of NN, Inc. (NASDAQ:NNBR) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 465,596 shares of the industrial products company’s stock after selling 5,440 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in NN were worth $1,522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in NN in the third quarter valued at about $39,000. BNP Paribas Financial Markets grew its stake in shares of NN by 41.4% in the third 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 in the last quarter. Kolinsky Wealth Management LLC acquired a new stake in shares of NN in the third quarter valued at about $56,000. SG Americas Securities LLC raised its holdings in shares of NN by 37.7% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock valued at $69,000 after buying an additional 5,752 shares during the period. Finally, Jane Street Group LLC lifted its position in NN by 58.1% during the 3rd quarter. Jane Street Group LLC now owns 33,621 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 12,362 shares in the last quarter. 53.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NN

In other news, major shareholder Corre Partners Management, Llc sold 427,630 shares of NN stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the sale, the insider now directly owns 810,567 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.85% of the company’s stock.

NN Stock Down 0.4 %

NASDAQ NNBR opened at $2.47 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27. NN, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $4.86. The business has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $3.41. The stock has a market cap of $123.22 million, a PE ratio of -2.27, a P/E/G ratio of 2.01 and a beta of 3.07.

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.