De Lisle Partners LLP Buys 57,032 Shares of NN, Inc. (NASDAQ:NNBR)

De Lisle Partners LLP raised its stake in NN, Inc. (NASDAQ:NNBR) by 20.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 337,595 shares of the industrial products company’s stock after purchasing an additional 57,032 shares during the quarter. De Lisle Partners LLP’s holdings in NN were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in NNBR. BNP Paribas Financial Markets grew its position in NN by 41.4% in the third quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 3,251 shares in the last quarter. Renaissance Technologies LLC lifted its stake in NN by 7.2% during the second quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 8,500 shares during the last quarter. Empowered Funds LLC lifted its stake in NN by 5.3% during the third quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock worth $701,000 after purchasing an additional 9,112 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in shares of NN in the 3rd quarter worth about $43,000. Finally, SG Americas Securities LLC bought a new position in shares of NN during the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NN Stock Performance

NASDAQ:NNBR opened at $3.91 on Thursday. The company has a market capitalization of $195.30 million, a price-to-earnings ratio of -3.59 and a beta of 2.96. The business has a 50 day moving average of $3.81 and a 200 day moving average of $3.55. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. NN, Inc. has a 1-year low of $2.25 and a 1-year high of $5.40.

NN Company 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.