Parametric Portfolio Associates LLC Has $1.22 Million Stock Holdings in NN, Inc. (NASDAQ:NNBR)

Parametric Portfolio Associates LLC raised its holdings in NN, Inc. (NASDAQ:NNBR) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,754 shares of the industrial products company’s stock after purchasing an additional 2,214 shares during the quarter. Parametric Portfolio Associates LLC owned 0.29% of NN worth $1,218,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of NN by 150.4% in the 2nd quarter. Bank of Montreal Can now owns 5,939 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 3,567 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in NN during the 2nd quarter worth about $68,000. Metropolitan Life Insurance Co NY grew its holdings in NN by 18.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 1,950 shares during the period. MetLife Investment Advisors LLC grew its holdings in NN by 56.7% during the 1st quarter. MetLife Investment Advisors LLC now owns 19,899 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 7,203 shares during the period. Finally, Janney Capital Management LLC grew its holdings in NN by 22.8% during the 2nd quarter. Janney Capital Management LLC now owns 26,449 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 4,913 shares during the period. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

NNBR stock opened at $6.78 on Friday. The company has a market capitalization of $274.54 million, a P/E ratio of 6.68 and a beta of 1.69. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.27 and a current ratio of 2.13. NN, Inc. has a 52-week low of $5.55 and a 52-week high of $13.78. The business has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $8.00.

NN (NASDAQ:NNBR) last posted its earnings results on Thursday, August 8th. The industrial products company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). NN had a positive return on equity of 8.04% and a negative net margin of 30.86%. The firm had revenue of $221.70 million for the quarter, compared to the consensus estimate of $217.95 million. During the same period in the prior year, the business earned $0.38 EPS. NN’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NN, Inc. will post 1.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $0.07 per share. The ex-dividend date was Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 4.13%. NN’s dividend payout ratio is currently 23.93%.

NNBR has been the subject of several research reports. ValuEngine upgraded NN from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 4th. BidaskClub upgraded NN from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.44.

NN Company 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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