Insider Buying: NN, Inc. (NASDAQ:NNBR) CEO Buys 45,316 Shares of Stock

NN, Inc. (NASDAQ:NNBR) CEO Harold C. Bevis acquired 45,316 shares of the stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $2.20 per share, with a total value of $99,695.20. Following the transaction, the chief executive officer now directly owns 1,463,150 shares in the company, valued at approximately $3,218,930. This represents a 3.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NN Trading Up 4.9%

NNBR opened at $2.34 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $118.05 million, a PE ratio of -2.15, a PEG ratio of 2.01 and a beta of 2.15. NN, Inc. has a 1-year low of $1.58 and a 1-year high of $4.67. The firm has a 50-day moving average price of $2.10 and a two-hundred day moving average price of $2.91.

NN (NASDAQ:NNBR) last posted 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 net margin of 8.05% and a negative return on equity of 10.61%. As a group, equities analysts anticipate that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NN

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new stake in NN in the 4th quarter valued at about $43,000. Voya Investment Management LLC acquired a new stake in shares of NN during the 4th quarter worth approximately $47,000. Bailard Inc. acquired a new stake in shares of NN during the 1st quarter worth approximately $39,000. SG Americas Securities LLC grew its position in shares of NN by 37.7% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $69,000 after buying an additional 5,752 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of NN by 209.9% during the 4th quarter. MetLife Investment Management LLC now owns 27,181 shares of the industrial products company’s stock worth $89,000 after buying an additional 18,410 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

About NN

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.