J.W. Cole Advisors Inc. Has $360,000 Position in NN, Inc. (NASDAQ:NNBR)

J.W. Cole Advisors Inc. grew its position in NN, Inc. (NASDAQ:NNBR) by 80.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,100 shares of the industrial products company’s stock after purchasing an additional 40,290 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in NN were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legion Partners Asset Management LLC raised its position 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 buying an additional 130,000 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of NN in the 3rd quarter valued at approximately $1,674,000. 53.92% of the stock is currently owned by institutional investors and hedge funds.

NN Price Performance

NNBR stock opened at $3.83 on Thursday. The company has a 50 day simple moving average of $4.57 and a 200 day simple moving average of $3.63. NN, Inc. has a 1 year low of $0.97 and a 1 year high of $5.40. The company has a current ratio of 2.24, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19.

NN (NASDAQ:NNBR) last released its quarterly earnings data on Monday, March 11th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). NN had a negative return on equity of 9.19% and a negative net margin of 10.25%. The company had revenue of $112.53 million for the quarter, compared to analyst estimates of $116.00 million. On average, analysts anticipate that NN, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Noble Financial assumed coverage on shares of NN in a research report on Monday, April 15th. They set an “outperform” rating and a $6.00 price objective for the company. StockNews.com upgraded shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, TheStreet upgraded shares of NN from a “d” rating to a “c-” rating in a research report on Wednesday, February 14th.

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.