Corre Partners Management, Llc Sells 315,436 Shares of NN (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR) major shareholder Corre Partners Management, Llc sold 315,436 shares of NN stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $2.06, for a total value of $649,798.16. Following the sale, the insider directly owned 726,198 shares of the company’s stock, valued at approximately $1,495,967.88. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total value of $797,288.69.
• On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The shares were sold at an average price of $2.04, for a total value of $81,661.20.

NN Price Performance

NNBR opened at $2.32 on Friday. The stock has a market cap of $116.44 million, a price-to-earnings ratio of -2.17, a PEG ratio of 0.39 and a beta of 2.21. NN, Inc. has a 1 year low of $1.10 and a 1 year high of $2.63. The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 4.52. The stock has a fifty day moving average price of $1.56 and a 200 day moving average price of $1.52.

Institutional Trading of NN

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of NN in the fourth quarter worth about $30,000. XTX Topco Ltd lifted its position in shares of NN by 29.3% in the fourth quarter. XTX Topco Ltd now owns 73,920 shares of the industrial products company’s stock worth $95,000 after buying an additional 16,732 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of NN during the 4th quarter worth about $77,000. First Manhattan CO. LLC. lifted its position in shares of NN by 8.2% during the 4th quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company’s stock worth $3,845,000 after purchasing an additional 228,800 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of NN during the 4th quarter worth about $90,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN News Summary

Here are the key news stories impacting NN this week:

• Positive Sentiment: Sidoti raised near‑term earnings forecasts (FY2026 EPS to $0.12 from $0.11 and several quarterly tweaks that raise Q3/Q3‑2027 estimates). Upward revisions give fundamental cover for buyers. Sidoti estimate changes
• Positive Sentiment: Technical: shares recently cleared the 200‑day moving average, a bullish signal that can attract momentum traders and ETFs tracking technical rules. 200‑day moving average note
• Neutral Sentiment: Volume spike — trading volume is materially above average (about 2.44M vs ~584k average), indicating heightened interest; higher volume supports the move but can amplify volatility.
• Negative Sentiment: Large insider selling: major shareholder Corre Partners disposed of sizable blocks over April 15–17 (roughly 703,600 shares sold across filings), reducing their stake to ~622k shares and raising roughly $1.53M in proceeds. Significant insider exits can pressure sentiment and supply. SEC ownership filings
• Negative Sentiment: Underlying fundamentals remain mixed: consensus full‑year EPS is negative (≈-$0.20), the company shows a high debt load (debt/equity ~4.52) and a negative P/E — factors that limit tolerance for setbacks and could cap longer‑term upside.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NNBR shares. Zacks Research cut NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. B. Riley Financial reduced their price target on NN from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NN in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.00.

NN Company Profile

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.