Primecap Management Co. CA Has $978,000 Position in NN, Inc. (NASDAQ:NNBR)

Primecap Management Co. CA trimmed its holdings in NN, Inc. (NASDAQ:NNBR) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,200 shares of the industrial products company’s stock after selling 38,400 shares during the quarter. Primecap Management Co. CA’s holdings in NN were worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Register Financial Advisors LLC lifted its stake in NN by 2.5% in the fourth quarter. Register Financial Advisors LLC now owns 1,243,137 shares of the industrial products company’s stock valued at $4,065,000 after buying an additional 29,775 shares during the period. Geode Capital Management LLC lifted its position in shares of NN by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,106,498 shares of the industrial products company’s stock valued at $4,316,000 after acquiring an additional 26,024 shares during the period. State Street Corp boosted its stake in NN by 5.9% during the third quarter. State Street Corp now owns 514,408 shares of the industrial products company’s stock worth $2,006,000 after acquiring an additional 28,678 shares in the last quarter. De Lisle Partners LLP grew its holdings in NN by 20.3% in the third quarter. De Lisle Partners LLP now owns 337,595 shares of the industrial products company’s stock worth $1,315,000 after purchasing an additional 57,032 shares during the period. Finally, Empowered Funds LLC increased its stake in NN by 5.2% in the fourth quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 9,424 shares in the last quarter. Institutional investors own 53.92% of the company’s stock.

NN Price Performance

NNBR stock opened at $2.63 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. The company’s 50-day moving average is $2.92 and its 200-day moving average is $3.45. The stock has a market capitalization of $131.20 million, a PE ratio of -2.41, a price-to-earnings-growth ratio of 2.01 and a beta of 3.07. NN, Inc. has a 1 year low of $2.38 and a 1 year high of $5.20.

Insiders Place Their Bets

In other NN news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the transaction, the insider now owns 810,567 shares in the company, valued at approximately $3,136,894.29. This represents a 34.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.85% of the company’s stock.

About NN

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.