Insider Selling: NN (NASDAQ:NNBR) Major Shareholder Sells $81,661.20 in Stock

Key Points

  • Corre Partners Management sold roughly 703,600 NNBR shares across April 15–17 (including a 315,436-share block on April 15), cutting its stake by about 30% and raising approximately $1.53 million in proceeds.
  • NNBR trades around $2.30 with a market cap near $116M, a negative P/E (-2.17) and high debt/equity (~4.52); analysts show a consensus "Reduce" rating with a $3.00 target, reflecting mixed fundamentals despite some recent technical momentum.

NN, Inc. (NASDAQ:NNBR - Get Free Report) major shareholder Corre Partners Management, Llc sold 40,030 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $2.04, for a total value of $81,661.20. Following the transaction, the insider owned 715,491 shares of the company's stock, valued at approximately $1,459,601.64. This represents a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

  • On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total transaction of $797,288.69.
  • On Wednesday, April 15th, Corre Partners Management, Llc sold 315,436 shares of NN stock. The shares were sold at an average price of $2.06, for a total value of $649,798.16.

NN Trading Up 13.7%

NASDAQ NNBR opened at $2.32 on Friday. The firm has a market capitalization of $116.44 million, a PE ratio of -2.17, a P/E/G ratio of 0.39 and a beta of 2.21. The stock's 50 day moving average is $1.56 and its 200 day moving average is $1.53. NN, Inc. has a twelve month low of $1.10 and a twelve month high of $2.63. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 4.52.

NN News Summary




Here are the key news stories impacting NN this week:

  • Positive Sentiment: Sidoti raised near‑term earnings forecasts (FY2026 EPS to $0.12 from $0.11 and several quarterly tweaks that raise Q3/Q3‑2027 estimates). Upward revisions give fundamental cover for buyers. Sidoti estimate changes
  • Positive Sentiment: Technical: shares recently cleared the 200‑day moving average, a bullish signal that can attract momentum traders and ETFs tracking technical rules. 200‑day moving average note
  • Neutral Sentiment: Volume spike — trading volume is materially above average (about 2.44M vs ~584k average), indicating heightened interest; higher volume supports the move but can amplify volatility.
  • Negative Sentiment: Large insider selling: major shareholder Corre Partners disposed of sizable blocks over April 15–17 (roughly 703,600 shares sold across filings), reducing their stake to ~622k shares and raising roughly $1.53M in proceeds. Significant insider exits can pressure sentiment and supply. SEC ownership filings
  • Negative Sentiment: Underlying fundamentals remain mixed: consensus full‑year EPS is negative (≈-$0.20), the company shows a high debt load (debt/equity ~4.52) and a negative P/E — factors that limit tolerance for setbacks and could cap longer‑term upside.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its stake in shares of NN by 11.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 90,600 shares of the industrial products company's stock worth $116,000 after purchasing an additional 9,600 shares during the period. Corient Private Wealth LLC grew its position in NN by 16.1% during the second quarter. Corient Private Wealth LLC now owns 72,000 shares of the industrial products company's stock valued at $151,000 after buying an additional 10,000 shares during the period. Two Sigma Investments LP purchased a new stake in NN during the third quarter valued at approximately $27,000. Hudson Bay Capital Management LP purchased a new stake in NN during the second quarter valued at approximately $29,000. Finally, XTX Topco Ltd raised its position in NN by 29.3% in the fourth quarter. XTX Topco Ltd now owns 73,920 shares of the industrial products company's stock worth $95,000 after acquiring an additional 16,732 shares during the period. Institutional investors own 53.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NNBR. Zacks Research lowered shares of NN from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of NN in a research report on Thursday, January 22nd. Finally, B. Riley Financial decreased their price objective on shares of NN from $4.00 to $3.00 and set a "buy" rating for the company in a report on Friday, March 6th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, NN currently has a consensus rating of "Reduce" and a consensus price target of $3.00.

Read Our Latest Stock Analysis on NN

NN Company Profile

(Get Free Report)

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company's operations are organized into three business segments.

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