NN (NASDAQ:NNBR) Major Shareholder Sells $797,288.69 in Stock

NN, Inc. (NASDAQ:NNBR) major shareholder Corre Partners Management, Llc sold 348,161 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $2.29, for a total transaction of $797,288.69. Following the sale, the insider directly owned 622,369 shares of the company’s stock, valued at approximately $1,425,225.01. This trade represents a 35.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The shares were sold at an average price of $2.04, for a total transaction of $81,661.20.
• On Wednesday, April 15th, Corre Partners Management, Llc sold 315,436 shares of NN stock. The shares were sold at an average price of $2.06, for a total transaction of $649,798.16.

NN Trading Up 13.7%

NASDAQ NNBR traded up $0.28 during trading on Friday, reaching $2.32. 2,442,115 shares of the stock traded hands, compared to its average volume of 583,721. The firm has a market cap of $116.44 million, a price-to-earnings ratio of -2.17, a price-to-earnings-growth ratio of 0.40 and a beta of 2.21. The stock’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.52. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 4.52. NN, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.63.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NNBR shares. Weiss Ratings restated a “sell (d-)” rating on shares of NN in a report on Thursday, January 22nd. B. Riley Financial decreased their price objective on shares of NN from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Zacks Research cut shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, NN has an average rating of “Reduce” and an average target price of $3.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NNBR. Two Sigma Investments LP acquired a new position in shares of NN in the third quarter valued at approximately $27,000. Hudson Bay Capital Management LP acquired a new position in shares of NN in the second quarter valued at approximately $29,000. Virtu Financial LLC acquired a new position in shares of NN in the fourth quarter valued at approximately $30,000. Quinn Opportunity Partners LLC acquired a new position in shares of NN in the fourth quarter valued at approximately $32,000. Finally, Quadrature Capital Ltd acquired a new position in shares of NN in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

Trending Headlines about NN

Here are the key news stories impacting NN this week:

• Positive Sentiment: Sidoti raised near‑term earnings forecasts (FY2026 EPS to $0.12 from $0.11 and several quarterly tweaks that raise Q3/Q3‑2027 estimates). Upward revisions give fundamental cover for buyers. Sidoti estimate changes
• Positive Sentiment: Technical: shares recently cleared the 200‑day moving average, a bullish signal that can attract momentum traders and ETFs tracking technical rules. 200‑day moving average note
• Neutral Sentiment: Volume spike — trading volume is materially above average (about 2.44M vs ~584k average), indicating heightened interest; higher volume supports the move but can amplify volatility.
• Negative Sentiment: Large insider selling: major shareholder Corre Partners disposed of sizable blocks over April 15–17 (roughly 703,600 shares sold across filings), reducing their stake to ~622k shares and raising roughly $1.53M in proceeds. Significant insider exits can pressure sentiment and supply. SEC ownership filings
• Negative Sentiment: Underlying fundamentals remain mixed: consensus full‑year EPS is negative (≈-$0.20), the company shows a high debt load (debt/equity ~4.52) and a negative P/E — factors that limit tolerance for setbacks and could cap longer‑term upside.

NN Company Profile

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.