Tudor Investment Corp ET AL acquired a new stake in NN, Inc. (NASDAQ:NNBR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,872 shares of the industrial products company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently bought and sold shares of NNBR. Wells Fargo & Company MN lifted its position in shares of NN by 0.7% during the first quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 176 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NN by 7.6% during the first quarter. Bank of New York Mellon Corp now owns 187,462 shares of the industrial products company’s stock worth $4,724,000 after acquiring an additional 13,276 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of NN by 10.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 530 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NN by 2.8% during the first quarter. JPMorgan Chase & Co. now owns 62,024 shares of the industrial products company’s stock worth $1,563,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of NN by 39.6% during the first quarter. Prudential Financial Inc. now owns 28,905 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.

In other NN news, insider Thomas C. Jr. Burwell sold 6,000 shares of NN stock in a transaction on Monday, September 18th. The shares were sold at an average price of $27.38, for a total value of $164,280.00. Following the sale, the insider now directly owns 37,881 shares in the company, valued at approximately $1,037,181.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven T. Warshaw sold 3,000 shares of NN stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $27.78, for a total transaction of $83,340.00. Following the completion of the sale, the director now owns 57,732 shares in the company, valued at $1,603,794.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,000 shares of company stock worth $436,660. 3.32% of the stock is owned by corporate insiders.

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NN, Inc. (NNBR) opened at 30.20 on Monday. NN, Inc. has a 12-month low of $13.43 and a 12-month high of $31.65. The company’s market cap is $831.71 million. The stock has a 50 day moving average of $27.69 and a 200 day moving average of $27.54.

NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. NN had a negative net margin of 0.77% and a positive return on equity of 14.58%. The company had revenue of $225.88 million for the quarter, compared to analysts’ expectations of $221.00 million. During the same quarter in the previous year, the company earned $0.46 EPS. NN’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that NN, Inc. will post $1.60 earnings per share for the current year.

Several research firms have issued reports on NNBR. KeyCorp restated a “buy” rating and set a $36.00 target price on shares of NN in a research report on Sunday, September 17th. William Blair restated a “market perform” rating on shares of NN in a research report on Thursday, August 31st. Zacks Investment Research downgraded NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and set a $29.00 target price on shares of NN in a research report on Friday, August 4th. Finally, BidaskClub downgraded NN from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. NN presently has an average rating of “Hold” and an average price target of $33.00.

About NN

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

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Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

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