Driehaus Capital Management LLC Grows Holdings in NN, Inc. (NNBR)
Driehaus Capital Management LLC raised its stake in NN, Inc. (NASDAQ:NNBR) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,339 shares of the industrial products company’s stock after buying an additional 3,132 shares during the quarter. Driehaus Capital Management LLC’s holdings in NN were worth $4,205,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in NN by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,319,809 shares of the industrial products company’s stock valued at $67,276,000 after buying an additional 12,964 shares during the period. Jennison Associates LLC increased its stake in shares of NN by 8.8% during the 3rd quarter. Jennison Associates LLC now owns 2,222,746 shares of the industrial products company’s stock worth $64,460,000 after purchasing an additional 179,578 shares during the last quarter. BlackRock Inc. increased its stake in shares of NN by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,816,823 shares of the industrial products company’s stock worth $50,144,000 after purchasing an additional 24,497 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NN by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,135,524 shares of the industrial products company’s stock worth $31,171,000 after purchasing an additional 53,688 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of NN by 5.4% during the 4th quarter. Royce & Associates LP now owns 1,039,893 shares of the industrial products company’s stock worth $28,701,000 after purchasing an additional 53,509 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.
NN, Inc. (NASDAQ:NNBR) opened at $25.13 on Friday. NN, Inc. has a 12 month low of $21.85 and a 12 month high of $32.90. The company has a market cap of $692.78, a price-to-earnings ratio of -27.61 and a beta of 0.83. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.72 and a current ratio of 3.16.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.11%. NN’s payout ratio is presently -30.77%.
NNBR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. BidaskClub lowered shares of NN from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Finally, ValuEngine lowered shares of NN from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.50.
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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.
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