NN (NASDAQ:NNBR) Major Shareholder Corre Partners Management, Llc Sells 40,030 Shares

NN, Inc. (NASDAQ:NNBR) major shareholder Corre Partners Management, Llc sold 40,030 shares of NN stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $2.04, for a total value of $81,661.20. Following the transaction, the insider directly owned 715,491 shares of the company’s stock, valued at $1,459,601.64. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total transaction of $797,288.69.
• 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 Price Performance

NNBR traded up $0.28 during midday trading on Friday, reaching $2.32. 2,442,115 shares of the company’s stock were exchanged, compared to its average volume of 583,721. NN, Inc. has a 1-year low of $1.10 and a 1-year high of $2.63. The stock has a market capitalization of $116.44 million, a PE ratio of -2.17, a P/E/G ratio of 0.40 and a beta of 2.21. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.83 and a quick ratio of 1.09. The business’s 50-day moving average price is $1.54 and its 200 day moving average price is $1.52.

Hedge Funds Weigh In On NN

Several institutional investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC lifted its position in NN by 69.4% during the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company’s stock worth $5,127,000 after buying an additional 1,000,000 shares during the period. Paradigm Capital Management Inc. NY grew its holdings in NN by 21.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company’s stock valued at $5,792,000 after buying an additional 483,952 shares during the period. UBS Group AG grew its holdings in NN by 15,147.1% in the 3rd quarter. UBS Group AG now owns 279,632 shares of the industrial products company’s stock valued at $576,000 after buying an additional 277,798 shares during the period. Renaissance Technologies LLC increased its stake in shares of NN by 291.0% during the 4th quarter. Renaissance Technologies LLC now owns 367,500 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 273,500 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its stake in shares of NN by 8.2% during the 4th quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company’s stock valued at $3,845,000 after acquiring an additional 228,800 shares during the last quarter. 53.92% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NNBR. Zacks Research downgraded NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. B. Riley Financial reduced their price objective on NN from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NN in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, NN presently has an average rating of “Reduce” and an average price target of $3.00.

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.