Corre Partners Management, Llc Sells 348,161 Shares of NN (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR) major shareholder Corre Partners Management, Llc sold 348,161 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $2.29, for a total transaction of $797,288.69. Following the completion of the transaction, the insider directly owned 622,369 shares in the company, valued at approximately $1,425,225.01. The trade was a 35.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The stock was sold at an average price of $2.04, for a total transaction of $81,661.20.
• On Wednesday, April 15th, Corre Partners Management, Llc sold 315,436 shares of NN stock. The stock was sold at an average price of $2.06, for a total transaction of $649,798.16.

NN Stock Performance

NNBR opened at $2.32 on Friday. 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 company 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. The company’s 50 day moving average is $1.56 and its 200 day moving average is $1.52. NN, Inc. has a 12-month low of $1.10 and a 12-month high of $2.63.

NN News Roundup

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.

Hedge Funds Weigh In On NN

Several large investors have recently added to or reduced their stakes in NNBR. XTX Topco Ltd purchased a new position in NN during the second quarter valued at approximately $156,000. Marshall Wace LLP lifted its holdings in NN by 334.0% during the second quarter. Marshall Wace LLP now owns 257,234 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 197,960 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in NN during the second quarter valued at approximately $147,000. Jane Street Group LLC purchased a new position in NN during the second quarter valued at approximately $233,000. Finally, Nantahala Capital Management LLC lifted its holdings in NN by 69.4% during the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company’s stock valued at $5,127,000 after purchasing an additional 1,000,000 shares in the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NNBR. Weiss Ratings reissued a “sell (d-)” rating on shares of NN in a report on Thursday, January 22nd. B. Riley Financial dropped their price objective on shares of NN from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Zacks Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average 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.