SG Americas Securities LLC Makes New Investment in NN, Inc. (NASDAQ:NNBR)

SG Americas Securities LLC bought a new stake in NN, Inc. (NASDAQ:NNBR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,271 shares of the industrial products company’s stock, valued at approximately $60,000.

Several other institutional investors also recently made changes to their positions in NNBR. Renaissance Technologies LLC increased its holdings in shares of NN by 7.2% in the 2nd quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 8,500 shares during the period. Fifth Lane Capital LP acquired a new position in NN during the 1st quarter valued at about $53,000. Empowered Funds LLC grew its position in NN by 8.1% in the 1st quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock worth $750,000 after purchasing an additional 11,900 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of NN in the second quarter valued at approximately $61,000. Finally, Acadian Asset Management LLC raised its holdings in shares of NN by 60.7% during the first quarter. Acadian Asset Management LLC now owns 103,342 shares of the industrial products company’s stock valued at $488,000 after buying an additional 39,022 shares during the last quarter. 53.92% of the stock is owned by institutional investors.

NN Stock Performance

Shares of NASDAQ NNBR opened at $3.95 on Tuesday. NN, Inc. has a 12-month low of $1.72 and a 12-month high of $5.40. The company has a market cap of $197.70 million, a PE ratio of -3.46 and a beta of 2.93. The stock has a 50 day simple moving average of $3.81 and a 200-day simple moving average of $3.55. 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) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $122.99 million during the quarter, compared to analyst estimates of $123.59 million. NN had a negative return on equity of 7.70% and a negative net margin of 8.38%. During the same quarter in the previous year, the firm posted ($0.08) EPS. On average, equities research analysts forecast that NN, Inc. will post -0.16 EPS for the current 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.