NN, Inc. (NASDAQ:NNBR) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in NN, Inc. (NASDAQ:NNBR) by 343.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,265 shares of the industrial products company’s stock after acquiring an additional 69,149 shares during the period. JPMorgan Chase & Co.’s holdings in NN were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NNBR. SG Americas Securities LLC boosted its stake in NN by 37.7% in the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 5,752 shares during the period. Empowered Funds LLC boosted its position in shares of NN by 5.2% in the fourth quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company’s stock worth $618,000 after buying an additional 9,424 shares during the period. Virtu Financial LLC purchased a new position in shares of NN during the third quarter valued at $39,000. Jane Street Group LLC raised its position in NN by 58.1% during the third quarter. Jane Street Group LLC now owns 33,621 shares of the industrial products company’s stock valued at $131,000 after buying an additional 12,362 shares during the period. Finally, Geode Capital Management LLC lifted its stake in NN by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,106,498 shares of the industrial products company’s stock worth $4,316,000 after acquiring an additional 26,024 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Trading Up 5.8 %

Shares of NASDAQ NNBR opened at $2.01 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. NN, Inc. has a one year low of $1.58 and a one year high of $4.67. The business has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $3.06. The firm has a market capitalization of $100.24 million, a PE ratio of -1.84, a PEG ratio of 2.01 and a beta of 2.73.

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.