Paradigm Capital Management Inc. NY Purchases 1,080,755 Shares of NN, Inc. (NASDAQ:NNBR)

Paradigm Capital Management Inc. NY lifted its position in shares of NN, Inc. (NASDAQ:NNBR - Free Report) by 139.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,856,200 shares of the industrial products company's stock after buying an additional 1,080,755 shares during the period. Paradigm Capital Management Inc. NY owned about 3.72% of NN worth $6,070,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in NN by 3.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 100,901 shares of the industrial products company's stock valued at $330,000 after acquiring an additional 3,262 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of NN by 37.7% in the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 5,752 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of NN by 29.2% during the 4th quarter. Wells Fargo & Company MN now owns 27,306 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 6,165 shares during the last quarter. Barclays PLC raised its position in NN by 15.3% in the 4th quarter. Barclays PLC now owns 69,973 shares of the industrial products company's stock worth $229,000 after purchasing an additional 9,289 shares during the period. Finally, Empowered Funds LLC raised its position in NN by 5.2% in the 4th quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company's stock worth $618,000 after purchasing an additional 9,424 shares during the period. Institutional investors own 53.92% of the company's stock.

Insider Activity at NN

In other news, COO Timothy M. French acquired 44,784 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $2.08 per share, for a total transaction of $93,150.72. Following the completion of the transaction, the chief operating officer now owns 374,784 shares of the company's stock, valued at $779,550.72. The trade was a 13.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Harold C. Bevis bought 45,316 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $2.20 per share, with a total value of $99,695.20. Following the completion of the acquisition, the chief executive officer now owns 1,463,150 shares of the company's stock, valued at $3,218,930. This trade represents a 3.20% increase in their position. The disclosure for this purchase can be found here. Insiders bought 110,288 shares of company stock worth $233,662 in the last three months. 7.94% of the stock is owned by insiders.

NN Stock Performance

NASDAQ NNBR opened at $2.20 on Tuesday. The company has a 50-day simple moving average of $2.10 and a two-hundred day simple moving average of $2.90. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27. NN, Inc. has a 12-month low of $1.58 and a 12-month high of $4.67. The firm has a market cap of $110.98 million, a price-to-earnings ratio of -2.02, a PEG ratio of 2.01 and a beta of 2.15.

NN (NASDAQ:NNBR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. The company had revenue of $105.69 million during the quarter, compared to analysts' expectations of $111.96 million. On average, equities analysts forecast that NN, Inc. will post -0.2 EPS for the current year.

NN 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.