Corre Partners Management, Llc Sells 12,199 Shares of NN (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR - Get Free Report) major shareholder Corre Partners Management, Llc sold 12,199 shares of the firm's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $2.51, for a total value of $30,619.49. Following the transaction, the insider directly owned 409,164 shares in the company, valued at approximately $1,027,001.64. The trade was a 2.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 Monday, April 27th, Corre Partners Management, Llc sold 136,165 shares of NN stock. The stock was sold at an average price of $2.63, for a total value of $358,113.95.
• On Thursday, April 23rd, Corre Partners Management, Llc sold 555,305 shares of NN stock. The stock was sold at an average price of $2.69, for a total value of $1,493,770.45.
• On Wednesday, April 22nd, Corre Partners Management, Llc sold 94,380 shares of NN stock. The stock was sold at an average price of $2.30, for a total value of $217,074.00.
• On Tuesday, April 21st, Corre Partners Management, Llc sold 55,483 shares of NN stock. The stock was sold at an average price of $2.21, for a total value of $122,617.43.
• On Monday, April 20th, Corre Partners Management, Llc sold 79,757 shares of NN stock. The stock was sold at an average price of $2.24, for a total value of $178,655.68.
• On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The stock was sold at an average price of $2.29, for a total value of $797,288.69.
• On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The stock was sold at an average price of $2.04, for a total value of $81,661.20.
• On Wednesday, April 15th, Corre Partners Management, Llc sold 315,436 shares of NN stock. The stock was sold at an average price of $2.06, for a total value of $649,798.16.

NN Stock Performance

---

---

Shares of NNBR stock opened at $2.65 on Tuesday. NN, Inc. has a 1 year low of $1.10 and a 1 year high of $2.88. The firm has a market cap of $133.00 million, a price-to-earnings ratio of -2.48, a PEG ratio of 0.48 and a beta of 2.21. The stock's 50-day moving average is $1.64 and its two-hundred day moving average is $1.54. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.09 and a current ratio of 1.83.

Analyst Upgrades and Downgrades

NNBR has been the subject of several recent research reports. B. Riley Financial decreased their target price on shares of NN from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of NN in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded shares of NN from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $3.00.

View Our Latest Stock Analysis on NNBR

Institutional Investors Weigh In On NN

Several hedge funds have recently made changes to their positions in NNBR. Nantahala Capital Management LLC boosted its stake in shares of NN by 69.4% during the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company's stock worth $5,127,000 after buying an additional 1,000,000 shares during the period. Paradigm Capital Management Inc. NY lifted its position in NN by 21.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company's stock valued at $5,792,000 after purchasing an additional 483,952 shares during the period. UBS Group AG lifted its position in NN by 15,147.1% in the third quarter. UBS Group AG now owns 279,632 shares of the industrial products company's stock valued at $576,000 after purchasing an additional 277,798 shares during the period. Renaissance Technologies LLC lifted its position in NN by 291.0% in the fourth quarter. Renaissance Technologies LLC now owns 367,500 shares of the industrial products company's stock valued at $470,000 after purchasing an additional 273,500 shares during the period. Finally, First Manhattan CO. LLC. lifted its position in NN by 8.2% in the fourth quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company's stock valued at $3,845,000 after purchasing an additional 228,800 shares during the period. Institutional investors and hedge funds own 53.92% of the company's stock.

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.

Featured Stories

• Five stocks we like better than NN

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].