Corre Partners sells NN Inc. shares amid a significant price run-up
Corre Partners Management, LLC, alongside Corre Partners Advisors LLC and Corre Opportunities Qualified Master Fund, LP, executed a series of sales of NN Inc (NASDAQ: NNBR) stock between April 15 and April 17, 2026, generating total proceeds of $1.53 million. The shares changed hands at prices between $2.0411 and $2.2939.
The trades came as NNBR experienced notable short-term strength. The stock rose 52.63% over the prior week and 81.25% year-to-date, trading at $2.32 at the time of reporting. InvestingPro's Fair Value estimate places the security above its intrinsic valuation, categorizing it as overvalued relative to that benchmark.
Details of the transactions
- On April 15, the entities sold blocks of 231,067 shares and 84,369 shares.
- On April 16, they sold 29,323 shares and 10,707 shares.
- On April 17, the sellers disposed of 255,039 shares and 93,122 shares.
Following these dispositions, Corre Opportunities Qualified Master Fund, LP directly holds 4,879,635 shares of NN Inc, and Corre Horizon Fund, LP directly holds 622,369 shares.
An InvestingPro note attached to the filing emphasizes that NNBR's price movements have been volatile and references 13 additional exclusive tips available to subscribers seeking deeper insight into the company's investment profile.
NN Inc.'s recent operational and financial developments
In related corporate news, NN Inc. released fourth-quarter 2025 financial results that fell short of analysts' expectations. The company reported earnings per share of $0, compared with an expected $0.01, and revenue of $104.7 million, slightly under the projected $105.36 million.
Despite the near-term miss, NN Inc. raised its full-year new business guidance to a range of $80 million to $90 million, up from earlier forecasts. The company attributed part of that upward revision to approximately $43 million in new awards, which it said were concentrated mainly in the electric grid and data center markets.
NN Inc. also disclosed capital investments and contract wins intended to bolster its capabilities in higher-growth end markets. The company has acquired large-scale automated plating equipment to expand processing of silver-plated busbars and terminals used in electric grid and data center hardware. Separately, it announced contracts with a global AI infrastructure provider to supply liquid cooling components for AI reasoning racks. Executing on that agreement will require installation of 17 new high-speed, high-precision CNC machines by 2026.
Collectively, these operational moves underline NN Inc.'s emphasis on expanding its presence in electric grid, data center, and AI infrastructure segments.
Context for investors
The Corre Partners sales occurred while the stock traded well above InvestingPro's Fair Value estimate. For market participants, the combination of insider selling during a sharp rally, recent earnings that missed expectations, and the company's simultaneous guidance raise and capital commitments creates a mixed set of signals that may warrant closer monitoring.