NN, Inc. (NASDAQ:NNBR) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in shares of NN, Inc. (NASDAQ:NNBR) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 337,600 shares of the industrial products company’s stock after selling 7,700 shares during the period. Primecap Management Co. CA’s holdings in NN were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NNBR. Renaissance Technologies LLC lifted its stake in shares of 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 purchasing an additional 8,500 shares during the period. Empowered Funds LLC increased its holdings in NN by 5.3% in the third quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock valued at $701,000 after buying an additional 9,112 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in shares of NN during the 3rd quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new stake in shares of NN during the 1st quarter worth approximately $53,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of NN in the 2nd quarter worth approximately $61,000. 53.92% of the stock is owned by institutional investors and hedge funds.

NN Stock Performance

NASDAQ NNBR opened at $3.96 on Friday. The business has a 50 day moving average price of $3.79 and a 200 day moving average price of $3.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. The company has a market capitalization of $197.80 million, a P/E ratio of -3.70 and a beta of 2.96. NN, Inc. has a 1-year low of $2.25 and a 1-year high of $5.40.

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.