NN, Inc. (NASDAQ:NNBR - Get Free Report) COO Timothy M. French acquired 5,216 shares of NN stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $2.14 per share, with a total value of $11,162.24. Following the purchase, the chief operating officer now owns 380,000 shares in the company, valued at $813,200. The trade was a 1.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NN Trading Up 2.7%
Shares of NASDAQ NNBR traded up $0.06 during midday trading on Friday, hitting $2.29. The stock had a trading volume of 47,734 shares, compared to its average volume of 490,706. NN, Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.67. The company's 50-day simple moving average is $2.11 and its 200 day simple moving average is $2.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. The firm has a market cap of $115.52 million, a P/E ratio of -2.07, a price-to-earnings-growth ratio of 2.01 and a beta of 2.15.
NN (NASDAQ:NNBR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $105.69 million during the quarter, compared to analysts' expectations of $111.96 million. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. Research analysts anticipate that NN, Inc. will post -0.2 EPS for the current year.
Institutional Trading of NN
Large investors have recently modified their holdings of the business. Paradigm Capital Management Inc. NY lifted its position in NN by 139.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 1,856,200 shares of the industrial products company's stock valued at $6,070,000 after acquiring an additional 1,080,755 shares during the period. Dimensional Fund Advisors LP raised its position in NN by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 783,033 shares of the industrial products company's stock valued at $2,561,000 after purchasing an additional 106,518 shares in the last quarter. De Lisle Partners LLP boosted its holdings in shares of NN by 21.5% in the 1st quarter. De Lisle Partners LLP now owns 410,228 shares of the industrial products company's stock valued at $929,000 after buying an additional 72,633 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of NN by 343.8% in the 4th quarter. JPMorgan Chase & Co. now owns 89,265 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 69,149 shares during the period. Finally, Gabelli Funds LLC acquired a new position in NN in the fourth quarter valued at approximately $213,000. Institutional investors own 53.92% of the company's stock.
About NN
(
Get Free Report)
NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.
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