De Lisle Partners LLP Buys New Shares in NN, Inc. $NNBR

De Lisle Partners LLP purchased a new stake in shares of NN, Inc. (NASDAQ:NNBR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 528,482 shares of the industrial products company’s stock, valued at approximately $1,895,000. De Lisle Partners LLP owned 1.00% of NN as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new stake in shares of NN during the 3rd quarter worth approximately $27,000. Hudson Bay Capital Management LP acquired a new position in shares of NN in the second quarter valued at $29,000. Virtu Financial LLC bought a new position in NN in the fourth quarter worth $30,000. Quinn Opportunity Partners LLC bought a new position in NN in the fourth quarter worth $32,000. Finally, Addison Advisors LLC acquired a new stake in NN during the second quarter worth $39,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NNBR shares. Weiss Ratings restated a “sell (d-)” rating on shares of NN in a research note on Friday, July 17th. Wall Street Zen lowered shares of NN from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. B. Riley Financial cut shares of NN from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Craig Hallum assumed coverage on shares of NN in a research report on Monday, July 20th. They issued a “buy” rating and a $7.00 price target for the company. Finally, Zacks Research upgraded shares of NN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.67.

NN Price Performance

Shares of NNBR stock opened at $3.78 on Friday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.79 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $3.42 and its 200 day simple moving average is $2.49. NN, Inc. has a one year low of $1.10 and a one year high of $4.48. The firm has a market cap of $312.15 million, a price-to-earnings ratio of -3.94 and a beta of 2.57.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%.The company had revenue of $128.74 million during the quarter, compared to analysts’ expectations of $116.09 million. On average, analysts expect that NN, Inc. will post 0.13 earnings per share for the current fiscal year.

About NN

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.