Activist Investor Corre Partners Sells $3.16M in NN Inc. Shares
NNBR has more than doubled off its 52-week low of $1.1.
Summary
Activist investor Corre Partners sold $3.16 million worth of NN Inc. shares, reducing their stake by 25% and indicating a significant change in their position.
Key Events · Ownership and Investor Activity · NNBR
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Significant Stake Reduction
Corre Partners sold 1,097,050 shares of NN Inc. common stock through open market transactions.
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Total Value of Sales
The sales amounted to approximately $3.16 million over several transactions from May 7 to May 29, 2026.
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Reduced Beneficial Ownership
The sales represent a 25% reduction in Corre Partners' total holdings, bringing their beneficial ownership to 8.2% of outstanding shares.
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Ongoing Investor Activity
This Schedule 13D/A filing updates the market on the activist investor's recent disposition activity, following a pattern of similar filings.
Analysis · NNBR · Technology
Corre Partners, a significant institutional investor, has sold approximately $3.16 million worth of NN Inc. common stock through open market transactions between May 7 and May 29, 2026. These sales represent a reduction of 1,097,050 shares, or 25% of their total holdings, bringing their beneficial ownership down to 8.2%. This substantial disposition by an activist investor suggests a re-evaluation of their investment or a strategic portfolio adjustment.
At the time of this filing, NNBR was trading at $2.97 on NASDAQ in the Technology sector, with a market capitalization of approximately $156.7M. The 52-week trading range was $1.10 to $3.16. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.