Learn Why Mariko Gordon’s Daruma Capital Management Llc Purchased Nn Inc Stake?

February 15, 2018 - By Louis Casey

 Learn Why Mariko Gordon's Daruma Capital Management Llc Purchased Nn Inc Stake?

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.99, from 1.95 in 2017Q2. It worsened, as 23 investors sold NN, Inc. shares while 30 reduced holdings. 14 funds opened positions while 37 raised stakes. 24.40 million shares or 3.04% more from 23.68 million shares in 2017Q2 were reported.

Markston Ltd Liability reported 0% stake. 4,445 were reported by Glenmede Na. 36,567 are owned by Invesco. State Street stated it has 0% in NN, Inc. (NASDAQ:NNBR). Aqr Cap Limited Co owns 10,764 shares. Bancshares Of Montreal Can accumulated 0% or 5,346 shares. Sei Invs Com invested in 0% or 14,227 shares. Moreover, Rhumbline Advisers has 0% invested in NN, Inc. (NASDAQ:NNBR) for 30,103 shares. Skyline Asset Mgmt Limited Partnership accumulated 788,200 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in NN, Inc. (NASDAQ:NNBR). Daruma Cap Mgmt Lc owns 1.18 million shares. Susquehanna Int Llp reported 62,592 shares. Lsv Asset invested 0.01% of its portfolio in NN, Inc. (NASDAQ:NNBR). Alphaone Investment Limited Liability Corp invested in 146,842 shares or 1.13% of the stock. Yorktown Management & Research Inc has 31,700 shares for 0.24% of their portfolio.

Since September 14, 2017, it had 0 buys, and 4 selling transactions for $447,005 activity. $64,000 worth of NN, Inc. (NASDAQ:NNBR) was sold by BURWELL THOMAS C. Jr..

The New Mariko Gordon’s Daruma Capital Management Llc Holding in Nn Inc

Daruma Capital Management Llc reported SC 13G form with the SEC for Nn Inc. Access it here: 000108514618000831. As reported by Mariko Gordon’s Daruma Capital Management Llc, the filler owns 5.62% or 1,550,483 shares of the Materials–company.

Nn Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Mariko Gordon’s Daruma Capital Management Llc’s positive view for Nn Inc. For a hedge fund managing $2.31 billion in assets and having 20+ experts this is interesting position.

The hedge fund is investor in the Materials sector. In the manager’s last 13-F, we saw 9% of Mariko Gordon’s Daruma Capital Management Llc’s portfolio is in the sector.

Nn Inc Institutional Sentiment

Filings show 114 investors own Nn Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 301430. 25607509 were owned by these investors. 21 funds opened new Nn Inc stakes, 53 increased positions. There were 25 that closed positions and 29 reduced them.

Alphaone Investment Services Llc is an investor bullish on Nn Inc, owning 181505 shares as of Q3 2015 for 1.43% of its portfolio. Pacific Ridge Capital Partners Llc owns 132100 shares or 1.20% of its portfolio. NY Harvey Partners Llc have 2.07% of its portfolio for 180000 shares. Further, Goodnow Investment Group Llc reported stake worth 0.45% of its portfolio. The NC Keane Capital Management Inc owns 89000 shares. Nn Inc is 2.16% of its portfolio.

Business Profile

NN, Inc. is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets. Autocam Precision Components Group manufactures highly engineered, difficult-to-manufacture precision metal components and subassemblies for the automotive, heating, ventilating and air conditioning (HVAC), fluid power and diesel engine end markets.

SEC Form 13G.

Mariko Gordon’s Daruma Capital Management Llc website.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on March, 7. They expect $0.31 EPS, down 11.43 % or $0.04 from last year’s $0.35 per share. NNBR’s profit will be $8.55 million for 20.56 P/E if the $0.31 EPS becomes a reality. After $0.29 actual EPS reported by NN, Inc. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

The stock increased 1.27% or $0.32 during the last trading session, reaching $25.5. About 27,929 shares traded. NN, Inc. (NASDAQ:NNBR) has risen 80.09% since February 15, 2017 and is uptrending. It has outperformed by 63.39% the S&P500.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $703.12 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It has a 5.78 P/E ratio. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

NN, Inc. (NASDAQ:NNBR) Ratings Coverage

Among 8 analysts covering NN Inc (NASDAQ:NNBR), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NN Inc has $37 highest and $16 lowest target. $28.71’s average target is 12.59% above currents $25.5 stock price. NN Inc had 11 analyst reports since July 24, 2015 according to SRatingsIntel. SunTrust maintained the stock with “Buy” rating in Thursday, September 28 report. The stock of NN, Inc. (NASDAQ:NNBR) has “Hold” rating given on Monday, October 26 by Stifel Nicolaus. Stifel Nicolaus maintained NN, Inc. (NASDAQ:NNBR) rating on Thursday, August 3. Stifel Nicolaus has “Hold” rating and $2900 target. The stock of NN, Inc. (NASDAQ:NNBR) has “Market Outperform” rating given on Friday, March 11 by Avondale. The stock of NN, Inc. (NASDAQ:NNBR) has “Overweight” rating given on Friday, July 24 by Stephens. The rating was upgraded by Zacks on Friday, August 28 to “Sell”. The rating was maintained by KeyBanc Capital Markets on Friday, September 15 with “Buy”. The stock of NN, Inc. (NASDAQ:NNBR) earned “Mkt Perform” rating by William Blair on Thursday, September 3. The rating was initiated by Stifel Nicolaus on Tuesday, August 18 with “Buy”. The firm has “Buy” rating given on Wednesday, December 21 by Lake Street.

Another recent and important NN, Inc. (NASDAQ:NNBR) news was published by Nasdaq.com which published an article titled: “NN, Inc. (NNBR) Ex-Dividend Date Scheduled for February 15, 2018” on February 14, 2018.

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