Virtu Financial LLC Takes $39,000 Position in NN, Inc. (NASDAQ:NNBR)

Virtu Financial LLC bought a new position in shares of NN, Inc. (NASDAQ:NNBR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,120 shares of the industrial products company’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of NN in the 2nd quarter worth approximately $429,000. Rhumbline Advisers boosted its holdings in NN by 3,510.9% during the second quarter. Rhumbline Advisers now owns 53,983 shares of the industrial products company’s stock worth $162,000 after buying an additional 52,488 shares in the last quarter. Acadian Asset Management LLC grew its position in NN by 102.0% in the second quarter. Acadian Asset Management LLC now owns 208,771 shares of the industrial products company’s stock worth $625,000 after buying an additional 105,429 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of NN by 80.7% in the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock valued at $1,928,000 after buying an additional 287,060 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of NN by 7.2% in the second quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company’s stock valued at $381,000 after buying an additional 8,500 shares in the last quarter. 53.92% of the stock is currently owned by institutional investors.

NN Stock Performance

NNBR opened at $3.69 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27. The firm has a market cap of $184.32 million, a PE ratio of -3.39 and a beta of 2.97. The business has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $3.63. NN, Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $5.40.

About NN

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.