Activist Investor Corre Partners Exits NNBR Stake, Sells $8.5M in Shares
NNBR has more than doubled off its 52-week low of $1.1 on elevated volume (3.7× avg).
Summary
Activist investor Corre Partners has filed an exit Schedule 13D/A, reporting the sale of approximately $8.5 million worth of NN Inc. common stock and reducing their beneficial ownership below 5%.
Key Events · Ownership and Investor Activity · NNBR
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Activist Investor Exit
Corre Partners, an activist investor, has filed an exit Schedule 13D/A, indicating they are no longer a beneficial owner of more than 5% of NN Inc. common stock.
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Significant Share Sales
The filing details the sale of approximately 2.23 million shares for a total value of about $8.5 million during June 2026.
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Reduced Ownership
Corre Partners' beneficial ownership has decreased to 4.0% of the outstanding shares, down from a previous activist stake.
Analysis · NNBR · Technology
This filing indicates a significant reduction in the activist stake held by Corre Partners, culminating in an "exit filing" as their ownership drops below the 5% threshold. The sale of approximately $8.5 million in shares represents a substantial disposition by a key institutional investor, potentially signaling a loss of conviction or a strategic reallocation of capital. This follows a previous 13D/A filing on May 29, 2026, which also reported significant sales by Corre Partners, and comes amidst recent positive news and a private placement by NN Inc.
At the time of this filing, NNBR was trading at $3.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $210.6M. The 52-week trading range was $1.10 to $4.35. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.