SEC Form SC 13G/A filed by NN Inc. (Amendment)

2/13/23 2:31:48 PM ET

Industrial Machinery/Components

Industrials

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SC 13G/A 1 nnbr13gfeb132023.txt SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13G (Rule 13d-102) (Amendment No. 2) NN, Inc. (Name of Issuer) Common Stock 629337106 (CUSIP Number) December 30, 2022 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. CUSIP NO. 629337106 Page 2 of 4 Pages 1) Name of Reporting Person(s) I.R.S. Identification No. of Above Person (entities only) Paradigm Capital Management, Inc. 14-1770168 ----------------------------------------------------------------------------- 2) Check the Appropriate Box if a Member of a Group (a)_____ (b)_____ Not Applicable ----------------------------------------------------------------------------- 3) SEC Use Only ----------------------------------------------------------------------------- 4) Citizenship or Place of Organization New York ----------------------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH (5) Sole Voting Power 2,112,900 (6) Shared Voting Power -0- (7) Sole Dispositive Power 2,112,900 (8) Shared Dispositive Power-0- ----------------------------------------------------------------------------- 9) Aggregate Amount Beneficially Owned by Each Reporting Person 2,112,900 ----------------------------------------------------------------------------- 10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares Not Applicable ----------------------------------------------------------------------------- 11) Percent of Class Represented by Amount In Row (9) 4.82% ----------------------------------------------------------------------------- 12) Type of Reporting Person IA ----------------------------------------------------------------------------- CUSIP NO. 629337106 Page 3 of 4 Pages Item 1(a) Name of Issuer: NN, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 6210 Ardrey Kell Road Charlotte, North Carolina 28277 Item 2(a) Name of Person Filing: Paradigm Capital Management, Inc. Item 2(b) Address of Principal Business Office: Nine Elk Street, Albany, New York 12207 Item 2(c) Citizenship: A New York State Corporation Item 2(d) Title of Class of Securities: Common Stock Item 2(e) Cusip Number: 629337106 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d- (b) or 9c), check whether the person filing is a: (e) [X] an investment adviser in accordance with 240.13d-1(b) (1)(ii)(E). Item 4. Ownership. (a) Amount beneficially owned: 2,112,900 (b) Percent of class: 4.82% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,112,900 (ii) Shared power to vote or direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 2,112,900 (iv) Shared power to dispose or to direct the disposition of: -0- CUSIP NO. 629337106 Page 4 of 4 Pages Item 5. Ownership of 5% or Less of a Class. If this statement is being filed to report the fact as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x]. Item 6. Ownership of more than 5% on Behalf of Another Person. All securities reported in this Schedule 13G Report are owned by advisory clients of the Reporting Person. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable Item 8 Identification and Classification of Members of the Group. Not Applicable Item 9 Notice of Dissolution of Group. Not Applicable Item 10. Certification. By signing below I (we) certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my (our) knowledge and belief, I (we) certify that the information set forth in this statement is true, complete and correct. Dated: February 13,2023 PARADIGM CAPITAL MANAGEMENT, INC. By /s/ Gregg A. Miller Gregg A. Miller, Chief Compliance Officer Telephone: (518) 431-3500 - 4 -

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$NNBR

Date	Price Target	Rating	Analyst
7/31/2025	$4.00	Buy	B. Riley Securities
4/15/2024	$6.00	Outperform	Noble Capital Markets
8/7/2023	$2.00 → $4.00	Hold → Buy	Lake Street
3/18/2022		Overweight → Sector Weight	KeyBanc Capital Markets
9/27/2021	$9.00 → $8.00	Overweight	Keybanc
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More analyst ratings

SEC Form SC 13G/A filed by NN Inc. (Amendment)

2/13/23 2:31:48 PM ET

$NNBR

Industrial Machinery/Components

Industrials

Get the next $NNBR alert in real time by email

Recent Analyst Ratings for

$NNBR

Date	Price Target	Rating	Analyst
7/31/2025	$4.00	Buy	B. Riley Securities
4/15/2024	$6.00	Outperform	Noble Capital Markets
8/7/2023	$2.00 → $4.00	Hold → Buy	Lake Street
3/18/2022		Overweight → Sector Weight	KeyBanc Capital Markets
9/27/2021	$9.00 → $8.00	Overweight	Keybanc
8/9/2021	$12.00 → $9.00	Overweight	Keybanc

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SEC Form SC 13G/A filed by NN Inc. (Amendment)

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NN Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

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Insider Trading

SVP, General Counsel Statham Jami covered exercise/tax liability with 1,515 shares, decreasing direct ownership by 3% to 53,253 units (SEC Form 4)

SVP, Chief Financial Officer Bohnert Christopher H covered exercise/tax liability with 10,981 shares, decreasing direct ownership by 6% to 178,019 units (SEC Form 4)

President and CEO Bevis Harold C covered exercise/tax liability with 131,100 shares, decreasing direct ownership by 9% to 1,332,050 units (SEC Form 4)

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Insider Purchases

Director Gautam Rajeev bought $22,220 worth of shares (10,000 units at $2.22) (SEC Form 4)

Chief Operating Officer French Timothy M. bought $104,263 worth of shares (50,000 units at $2.09), increasing direct ownership by 15% to 380,000 units (SEC Form 4)

President and CEO Bevis Harold C bought $108,687 worth of shares (50,000 units at $2.17), increasing direct ownership by 4% to 1,463,150 units (SEC Form 4)

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Analyst Ratings

B. Riley Securities initiated coverage on NN Inc with a new price target

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NN, Inc. to Hold Second Quarter 2025 Earnings Conference Call on Thursday, August 7, 2025

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SEC Form SC 13D/A filed by NN Inc. (Amendment)