11,000 Shares in NN, Inc. (NASDAQ:NNBR) Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new stake in shares of NN, Inc. (NASDAQ:NNBR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,000 shares of the industrial products company’s stock, valued at approximately $43,000.

Several other institutional investors have also recently made changes to their positions in NNBR. SG Americas Securities LLC purchased a new position in shares of NN in the third quarter valued at $60,000. Nantahala Capital Management LLC boosted its stake in NN by 3.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company’s stock worth $4,369,000 after purchasing an additional 50,000 shares during the period. Legion Partners Asset Management LLC grew its holdings in NN by 11.9% during the 2nd quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company’s stock valued at $14,376,000 after buying an additional 510,000 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of NN during the second quarter valued at about $61,000. Finally, Squarepoint Ops LLC bought a new stake in shares of NN during the second quarter valued at about $265,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NN Price Performance

NNBR stock opened at $4.16 on Friday. The firm has a 50 day moving average of $3.75 and a 200-day moving average of $3.57. The firm has a market capitalization of $208.02 million, a P/E ratio of -2.97 and a beta of 2.93. NN, Inc. has a 12 month low of $1.70 and a 12 month high of $5.40. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.39.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $122.99 million during the quarter, compared to the consensus estimate of $123.59 million. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. During the same period last year, the firm earned ($0.08) EPS. As a group, sell-side analysts predict that NN, Inc. will post -0.16 earnings per share for the current fiscal year.

NN Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.