J.W. Cole Advisors Inc. raised its position in shares of NN, Inc. (NASDAQ:NNBR – Free Report) by 80.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,100 shares of the industrial products company’s stock after purchasing an additional 40,290 shares during the period. J.W. Cole Advisors Inc. owned 0.19% of NN worth $360,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Legion Partners Asset Management LLC raised its stake in shares of NN by 3.1% in the 3rd quarter. Legion Partners Asset Management LLC now owns 4,333,141 shares of the industrial products company’s stock valued at $8,060,000 after acquiring an additional 130,000 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in NN in the 3rd quarter valued at approximately $1,674,000. Finally, Register Financial Advisors LLC grew its holdings in NN by 26.6% in the 4th quarter. Register Financial Advisors LLC now owns 862,976 shares of the industrial products company’s stock valued at $3,452,000 after buying an additional 181,258 shares during the last quarter. 53.92% of the stock is owned by hedge funds and other institutional investors.
NN Trading Down 4.4 %
Shares of NASDAQ:NNBR opened at $3.83 on Thursday. NN, Inc. has a 1-year low of $0.97 and a 1-year high of $5.40. The business’s 50 day moving average is $4.57 and its 200-day moving average is $3.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.24 and a quick ratio of 1.36.
Analyst Upgrades and Downgrades
NNBR has been the topic of a number of research analyst reports. TheStreet raised NN from a “d” rating to a “c-” rating in a report on Wednesday, February 14th. StockNews.com raised NN from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, Noble Financial initiated coverage on NN in a report on Monday, April 15th. They issued an “outperform” rating and a $6.00 target price on the stock.
Read Our Latest Stock Report on NNBR
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.
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