RE Advisers Corp maintained its position in shares of NN, Inc. (NASDAQ:NNBR) during the first quarter, Holdings Channel reports. The fund owned 1,348,200 shares of the industrial products company’s stock at the end of the first quarter. RE Advisers Corp’s holdings in NN were worth $33,975,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. SG Capital Management LLC bought a new position in shares of NN during the third quarter worth approximately $1,084,000. Redmond Asset Management LLC boosted its position in shares of NN by 0.7% in the fourth quarter. Redmond Asset Management LLC now owns 25,524 shares of the industrial products company’s stock worth $486,000 after buying an additional 184 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NN by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,145,398 shares of the industrial products company’s stock worth $40,870,000 after buying an additional 175,151 shares during the period. State Street Corp boosted its position in shares of NN by 5.2% in the fourth quarter. State Street Corp now owns 534,187 shares of the industrial products company’s stock worth $10,174,000 after buying an additional 26,261 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of NN by 6.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,698 shares of the industrial products company’s stock worth $356,000 after buying an additional 1,127 shares during the period. Hedge funds and other institutional investors own 96.99% of the company’s stock.

Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

Shares of NN, Inc. (NASDAQ NNBR) opened at 27.75 on Wednesday. The company’s 50 day moving average price is $27.71 and its 200-day moving average price is $22.08. NN, Inc. has a 52 week low of $12.77 and a 52 week high of $31.65. The company has a market capitalization of $762.15 million, a price-to-earnings ratio of 45.49 and a beta of 0.86.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $226.31 million during the quarter, compared to analyst estimates of $215.86 million. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. Analysts anticipate that NN, Inc. will post $1.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.28 annualized dividend and a yield of 1.01%. NN’s payout ratio is -33.33%.

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Separately, Zacks Investment Research upgraded NN from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, March 7th.

About NN

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

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