Kolinsky Wealth Management LLC Makes New Investment in NN, Inc. (NASDAQ:NNBR)

Kolinsky Wealth Management LLC acquired a new stake in NN, Inc. (NASDAQ:NNBR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 14,466 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other large investors have also made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of NN by 41.4% during the third quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company’s stock valued at $43,000 after buying an additional 3,251 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of NN by 7.2% during the second quarter. Renaissance Technologies LLC now owns 127,000 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 8,500 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of NN by 5.3% during the third quarter. Empowered Funds LLC now owns 179,637 shares of the industrial products company’s stock worth $701,000 after purchasing an additional 9,112 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in shares of NN in the third quarter valued at $43,000. Finally, SG Americas Securities LLC purchased a new position in NN during the third quarter worth about $60,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Stock Up 2.0 %

Shares of NASDAQ:NNBR opened at $3.99 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. The firm has a market cap of $199.30 million, a price-to-earnings ratio of -3.66 and a beta of 2.96. The stock’s 50-day moving average price is $3.82 and its two-hundred day moving average price is $3.56. NN, Inc. has a 12-month low of $2.27 and a 12-month 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.