NN, Inc. (NASDAQ:NNBR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in NN, Inc. (NASDAQ:NNBR) by 343.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,265 shares of the industrial products company’s stock after purchasing an additional 69,149 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of NN worth $292,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NNBR. Register Financial Advisors LLC raised its position in shares of NN by 2.5% during the 4th quarter. Register Financial Advisors LLC now owns 1,243,137 shares of the industrial products company’s stock worth $4,065,000 after buying an additional 29,775 shares in the last quarter. Geode Capital Management LLC raised its holdings in NN by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,106,498 shares of the industrial products company’s stock worth $4,316,000 after purchasing an additional 26,024 shares in the last quarter. Empowered Funds LLC boosted its stake in NN by 5.2% during the 4th quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 9,424 shares in the last quarter. Barclays PLC increased its position in shares of NN by 276.5% during the 3rd quarter. Barclays PLC now owns 60,684 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 44,568 shares during the period. Finally, Jane Street Group LLC increased its position in shares of NN by 58.1% during the 3rd quarter. Jane Street Group LLC now owns 33,621 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 12,362 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Trading Up 5.8 %

Shares of NN stock opened at $2.01 on Friday. The business has a fifty day simple moving average of $2.27 and a 200-day simple moving average of $3.06. NN, Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.67. The firm has a market cap of $100.24 million, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of 2.01 and a beta of 2.73. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27.

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.