Swiss National Bank grew its position in NN, Inc. (NASDAQ:NNBR) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,980 shares of the industrial products company’s stock after acquiring an additional 22,700 shares during the quarter. Swiss National Bank’s holdings in NN were worth $1,138,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of NN by 270.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 24,490 shares of the industrial products company’s stock worth $382,000 after buying an additional 17,871 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of NN during the 3rd quarter worth $102,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of NN during the 3rd quarter worth $161,000. Wells Fargo & Company MN increased its holdings in shares of NN by 196.4% during the 3rd quarter. Wells Fargo & Company MN now owns 1,499,160 shares of the industrial products company’s stock worth $23,387,000 after buying an additional 993,387 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its holdings in shares of NN by 44.9% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 615,276 shares of the industrial products company’s stock worth $9,598,000 after buying an additional 190,717 shares during the last quarter. 92.94% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ NNBR opened at $6.65 on Thursday. NN, Inc. has a 12-month low of $6.39 and a 12-month high of $29.50. The firm has a market capitalization of $279.99 million, a P/E ratio of 4.29 and a beta of 1.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.36 and a quick ratio of 1.53.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Thursday, November 8th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06). NN had a net margin of 1.38% and a return on equity of 7.02%. The company had revenue of $205.68 million during the quarter, compared to analyst estimates of $210.30 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts forecast that NN, Inc. will post 1.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.28 annualized dividend and a yield of 4.21%. NN’s dividend payout ratio is currently 18.06%.

NNBR has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on NN from $23.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, October 11th. Zacks Investment Research downgraded NN from a “hold” rating to a “strong sell” rating in a report on Saturday, October 13th. ValuEngine downgraded NN from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. KeyCorp lowered their price target on NN from $28.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, November 9th. Finally, William Blair reiterated a “market perform” rating on shares of NN in a report on Friday, September 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. NN has a consensus rating of “Hold” and a consensus target price of $22.80.

In other news, VP Matthew S. Heiter acquired 2,150 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was bought at an average cost of $15.99 per share, with a total value of $34,378.50. Following the transaction, the vice president now directly owns 18,184 shares in the company, valued at approximately $290,762.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard D. Holder acquired 3,100 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was purchased at an average cost of $16.04 per share, with a total value of $49,724.00. Following the completion of the transaction, the chief executive officer now owns 173,401 shares in the company, valued at $2,781,352.04. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 6,450 shares of company stock valued at $103,387. 2.74% of the stock is currently owned by corporate insiders.

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NN Profile

NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.

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Institutional Ownership by Quarter for NN (NASDAQ:NNBR)

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