BNP Paribas Financial Markets Purchases 3,251 Shares of NN, Inc. (NASDAQ:NNBR)

BNP Paribas Financial Markets boosted its position in shares of NN, Inc. (NASDAQ:NNBR) by 41.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,103 shares of the industrial products company’s stock after buying an additional 3,251 shares during the quarter. BNP Paribas Financial Markets’ holdings in NN were worth $43,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Legion Partners Asset Management LLC boosted its stake in NN by 11.9% in 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 acquiring an additional 510,000 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in shares of NN during the 2nd quarter valued at $1,032,000. American Century Companies Inc. lifted its stake in shares of NN by 80.7% in the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock valued at $1,928,000 after purchasing an additional 287,060 shares during the period. Bank of New York Mellon Corp bought a new position in shares of NN in the 2nd quarter worth $429,000. Finally, Acadian Asset Management LLC boosted its position in shares of NN by 102.0% in the 2nd quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company’s stock worth $625,000 after purchasing an additional 105,429 shares during the last quarter. 53.92% of the stock is currently owned by institutional investors and hedge funds.

NN Trading Down 5.6 %

NASDAQ NNBR opened at $3.68 on Friday. NN, Inc. has a 12 month low of $2.84 and a 12 month high of $5.40. The stock has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $3.63. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $183.82 million, a PE ratio of -3.38 and a beta of 2.97.

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.