J.W. Cole Advisors Inc. Sells 15,500 Shares of NN, Inc. (NASDAQ:NNBR)

J.W. Cole Advisors Inc. cut its holdings in shares of NN, Inc. (NASDAQ:NNBR) by 17.1% during the third quarter, Holdings Channel.com reports. The firm owned 75,200 shares of the industrial products company’s stock after selling 15,500 shares during the period. J.W. Cole Advisors Inc.’s holdings in NN were worth $293,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Moss Adams Wealth Advisors LLC purchased a new stake in NN during the third quarter worth $43,000. SG Americas Securities LLC purchased a new stake in shares of NN during the 3rd quarter worth $60,000. Nantahala Capital Management LLC lifted its stake in shares of NN by 3.6% during 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 last quarter. Legion Partners Asset Management LLC boosted its position in NN by 11.9% during the second 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 purchasing an additional 510,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in NN in the second quarter valued at about $61,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

NN Stock Performance

Shares of NN stock opened at $3.15 on Friday. NN, Inc. has a one year low of $1.72 and a one year high of $5.40. The company has a market capitalization of $157.65 million, a PE ratio of -2.76 and a beta of 2.93. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.29 and a current ratio of 2.04. The company has a 50-day simple moving average of $3.82 and a two-hundred day simple moving average of $3.56.

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

NN Company 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.