Pacific Ridge Capital Partners LLC Cuts Stake in NN, Inc. (NASDAQ:NNBR)

Pacific Ridge Capital Partners LLC decreased its stake in NN, Inc. (NASDAQ:NNBR) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 505,792 shares of the industrial products company’s stock after selling 21,853 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in NN were worth $1,517,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in NN during the 1st quarter worth approximately $53,000. Fifth Lane Capital LP acquired a new position in shares of NN during the first quarter worth $53,000. The Manufacturers Life Insurance Company purchased a new position in shares of NN in the second quarter valued at $61,000. Cannon Global Investment Management LLC acquired a new stake in NN during the 1st quarter valued at $85,000. Finally, Rhumbline Advisers increased its stake in NN by 3,510.9% during the 2nd quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company’s stock worth $162,000 after buying an additional 52,488 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Stock Performance

Shares of NNBR stock opened at $3.97 on Friday. The company’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.66. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.04 and a quick ratio of 1.29. The firm has a market capitalization of $198.70 million, a P/E ratio of -2.84 and a beta of 2.94. NN, Inc. has a 12 month low of $1.63 and a 12 month high of $5.40.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. NN had a negative return on equity of 7.70% and a negative net margin of 8.38%. The business had revenue of $122.99 million for the quarter, compared to analysts’ expectations of $123.59 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, research analysts anticipate that NN, Inc. will post -0.16 earnings per share for the current fiscal year.

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.