Pacific Ridge Capital Partners LLC Decreases Stock Holdings in NN, Inc. (NASDAQ:NNBR)

Pacific Ridge Capital Partners LLC cut its stake in NN, Inc. (NASDAQ:NNBR) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 505,792 shares of the industrial products company’s stock after selling 21,853 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 1.01% of NN worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NNBR. Register Financial Advisors LLC grew its stake in NN by 20.2% in the 1st quarter. Register Financial Advisors LLC now owns 1,037,463 shares of the industrial products company’s stock valued at $4,918,000 after acquiring an additional 174,487 shares during the last quarter. Cannon Global Investment Management LLC acquired a new position in shares of NN in the first quarter worth $85,000. Fifth Lane Capital LP acquired a new stake in shares of NN during the first quarter valued at $53,000. Empowered Funds LLC increased its position in NN by 8.1% during 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new position in NN in the 1st quarter valued at about $53,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

NN Price Performance

NASDAQ:NNBR opened at $3.97 on Friday. The firm has a market cap of $198.70 million, a price-to-earnings 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. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.39. The company’s 50-day moving average is $3.68 and its two-hundred day moving average is $3.66.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $122.99 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.08) EPS. Research analysts expect that NN, Inc. will post -0.16 EPS for the current 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.