Dimensional Fund Advisors LP Has $63.32 Million Holdings in NN, Inc. (NNBR)

Dimensional Fund Advisors LP grew its stake in NN, Inc. (NASDAQ:NNBR) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,306,845 shares of the industrial products company’s stock after buying an additional 18,750 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.45% of NN worth $63,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Nuveen Asset Management LLC increased its position in NN by 31.2% in the first quarter. Nuveen Asset Management LLC now owns 1,176,352 shares of the industrial products company’s stock worth $29,644,000 after buying an additional 279,795 shares in the last quarter. Vanguard Group Inc. increased its position in NN by 5.0% in the second quarter. Vanguard Group Inc. now owns 1,135,524 shares of the industrial products company’s stock worth $31,171,000 after buying an additional 53,688 shares in the last quarter. Skylands Capital LLC increased its position in NN by 15.2% in the second quarter. Skylands Capital LLC now owns 469,350 shares of the industrial products company’s stock worth $12,884,000 after buying an additional 61,914 shares in the last quarter. Northern Trust Corp increased its position in NN by 10.7% in the second quarter. Northern Trust Corp now owns 388,529 shares of the industrial products company’s stock worth $10,666,000 after buying an additional 37,633 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in NN by 8.1% in the first quarter. Geode Capital Management LLC now owns 217,710 shares of the industrial products company’s stock worth $5,486,000 after buying an additional 16,404 shares in the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.

In related news, Director Steven T. Warshaw sold 3,000 shares of NN stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $27.78, for a total value of $83,340.00. Following the completion of the transaction, the director now owns 57,732 shares in the company, valued at approximately $1,603,794.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven T. Warshaw sold 2,000 shares of NN stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the completion of the transaction, the director now owns 58,732 shares of the company’s stock, valued at approximately $1,575,192.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,000 shares of company stock valued at $436,660. 2.80% of the stock is owned by company insiders.

A number of analysts have commented on NNBR shares. KeyCorp restated a “buy” rating and issued a $36.00 price target on shares of NN in a research report on Sunday, September 17th. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target on shares of NN in a research report on Friday, August 4th. Zacks Investment Research cut NN from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. William Blair restated a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Finally, BidaskClub cut NN from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.00.

Shares of NN, Inc. (NASDAQ NNBR) opened at 30.20 on Friday. The stock’s market cap is $831.71 million. The firm has a 50-day moving average price of $27.62 and a 200-day moving average price of $27.49. NN, Inc. has a 12 month low of $13.43 and a 12 month high of $31.65.

NN (NASDAQ:NNBR) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $225.88 million during the quarter, compared to analyst estimates of $221.00 million. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that NN, Inc. will post $1.60 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.93%. NN’s dividend payout ratio is presently -116.67%.

ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/14/dimensional-fund-advisors-lp-has-63-32-million-holdings-in-nn-inc-nnbr.html.

NN Company Profile

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

Want to see what other hedge funds are holding NNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NN, Inc. (NASDAQ:NNBR).

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

Receive News & Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply