Penn Capital Management Co. Inc. lifted its stake in NN, Inc. (NASDAQ:NNBR) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,423 shares of the industrial products company’s stock after acquiring an additional 7,213 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in NN were worth $1,569,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in NN by 69.0% during the fourth quarter. Legal & General Group Plc now owns 7,303 shares of the industrial products company’s stock worth $49,000 after buying an additional 2,981 shares during the last quarter. Quantamental Technologies LLC acquired a new position in NN during the first quarter worth approximately $55,000. BNP Paribas Arbitrage SA grew its position in shares of NN by 343.0% in the first quarter. BNP Paribas Arbitrage SA now owns 8,763 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 6,785 shares during the last quarter. Citigroup Inc. grew its position in shares of NN by 35.0% in the fourth quarter. Citigroup Inc. now owns 9,947 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 2,577 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of NN by 445.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,687 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 8,729 shares during the last quarter.
Shares of NNBR stock opened at $8.33 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.90 and a quick ratio of 1.20. The company has a market capitalization of $375.80 million, a P/E ratio of 7.12 and a beta of 1.42. NN, Inc. has a 1 year low of $5.55 and a 1 year high of $23.45.
NN (NASDAQ:NNBR) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $213.26 million during the quarter, compared to analysts’ expectations of $209.86 million. NN had a positive return on equity of 7.79% and a negative net margin of 34.01%. As a group, analysts predict that NN, Inc. will post 1.18 earnings per share for the current year.
NNBR has been the topic of several research reports. Zacks Investment Research downgraded NN from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. BidaskClub downgraded NN from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Finally, Robert W. Baird decreased their target price on NN from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. NN has an average rating of “Hold” and a consensus target price of $17.33.
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NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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