De Lisle Partners LLP Takes $1.90 Million Position in NN, Inc. $NNBR

De Lisle Partners LLP bought a new position in NN, Inc. (NASDAQ:NNBR) during the 2nd quarter, Holdings Channel reports. The firm bought 528,482 shares of the industrial products company’s stock, valued at approximately $1,895,000.

Other large investors have also bought and sold shares of the company. RBF Capital LLC increased its holdings in NN by 71.8% during the 1st quarter. RBF Capital LLC now owns 834,929 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 348,945 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of NN during the second quarter worth $1,962,000. Renaissance Technologies LLC grew its holdings in shares of NN by 49.4% during the first quarter. Renaissance Technologies LLC now owns 549,040 shares of the industrial products company’s stock worth $796,000 after purchasing an additional 181,540 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of NN during the second quarter worth $623,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of NN in the fourth quarter valued at $32,000. 53.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NNBR. Zacks Research raised NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Craig Hallum initiated coverage on shares of NN in a research report on Monday, July 20th. They issued a “buy” rating and a $7.00 price objective for the company. Wall Street Zen downgraded shares of NN from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. B. Riley Financial lowered shares of NN from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NN in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NN presently has an average rating of “Hold” and a consensus target price of $5.67.

NN Stock Down 0.8%

NASDAQ NNBR opened at $3.78 on Friday. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.08 and a current ratio of 1.79. NN, Inc. has a 52 week low of $1.10 and a 52 week high of $4.48. The stock has a market capitalization of $312.15 million, a P/E ratio of -3.94 and a beta of 2.57. The stock has a fifty day moving average of $3.42 and a 200-day moving average of $2.49.

NN (NASDAQ:NNBR) last posted its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $128.74 million for the quarter, compared to analysts’ expectations of $116.09 million. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%. On average, equities research analysts forecast that NN, Inc. will post 0.13 EPS for the current year.

NN Company Profile

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.