Vanguard Group Inc. decreased its holdings in shares of NN, Inc. (NASDAQ:NNBR) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,861,222 shares of the industrial products company’s stock after selling 67,774 shares during the period. Vanguard Group Inc.’s holdings in NN were worth $18,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its stake in NN by 150.4% in the 2nd quarter. Bank of Montreal Can now owns 5,939 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 3,567 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in NN in the 2nd quarter worth $68,000. Metropolitan Life Insurance Co NY lifted its stake in NN by 18.2% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 1,950 shares in the last quarter. US Bancorp DE lifted its stake in NN by 32.5% in the 2nd quarter. US Bancorp DE now owns 11,301 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,775 shares in the last quarter. Finally, MetLife Investment Advisors LLC lifted its stake in NN by 56.7% in the 1st quarter. MetLife Investment Advisors LLC now owns 19,899 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 7,203 shares in the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ NNBR traded up $0.13 during mid-day trading on Friday, hitting $7.56. 118,209 shares of the company’s stock traded hands, compared to its average volume of 222,166. The company’s 50-day moving average is $7.04 and its two-hundred day moving average is $7.98. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.13 and a quick ratio of 1.27. The company has a market capitalization of $314.79 million, a P/E ratio of 6.46 and a beta of 1.69. NN, Inc. has a 1 year low of $5.55 and a 1 year high of $12.77.

NN (NASDAQ:NNBR) last announced its earnings results on Thursday, August 8th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $217.95 million. NN had a negative net margin of 30.86% and a positive return on equity of 8.04%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 earnings per share. Equities analysts anticipate that NN, Inc. will post 1.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, September 6th. NN’s dividend payout ratio is 23.93%.

NNBR has been the topic of several research analyst reports. ValuEngine upgraded shares of NN from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. BidaskClub upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.44.

NN Profile

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.

Further Reading: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding NNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NN, Inc. (NASDAQ:NNBR).

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

Receive News & Ratings for NN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN and related companies with MarketBeat.com's FREE daily email newsletter.