MetLife Investment Management LLC Sells 3,131 Shares of NN, Inc. (NASDAQ:NNBR)

MetLife Investment Management LLC decreased its position in shares of NN, Inc. (NASDAQ:NNBR) by 26.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,771 shares of the industrial products company’s stock after selling 3,131 shares during the period. MetLife Investment Management LLC’s holdings in NN were worth $34,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legion Partners Asset Management LLC grew its holdings in NN by 11.9% during the second quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company’s stock worth $14,376,000 after buying an additional 510,000 shares in the last quarter. Nantahala Capital Management LLC grew its holdings in NN by 3.6% during the second quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company’s stock worth $4,369,000 after buying an additional 50,000 shares in the last quarter. American Century Companies Inc. grew its holdings in NN by 80.7% during the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock worth $1,928,000 after buying an additional 287,060 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new stake in NN during the second quarter worth $1,032,000. Finally, Acadian Asset Management LLC grew its holdings in NN by 102.0% during 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 in the last quarter. Institutional investors own 53.92% of the company’s stock.

NN Trading Up 2.6 %

Shares of NN stock opened at $4.00 on Wednesday. The stock has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.60. NN, Inc. has a 12-month low of $2.84 and a 12-month high of $5.40. The company has a market capitalization of $199.78 million, a P/E ratio of -3.67 and a beta of 2.97. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

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.