NN (NASDAQ:NNBR) Director Sells $45,264.62 in Stock

NN, Inc. (NASDAQ:NNBR) Director Raymond White sold 18,782 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $2.41, for a total value of $45,264.62. Following the transaction, the director directly owned 858,283 shares of the company’s stock, valued at $2,068,462.03. This represents a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NN Stock Up 3.1%

NASDAQ NNBR traded up $0.07 during trading on Thursday, hitting $2.33. The stock had a trading volume of 787,028 shares, compared to its average volume of 733,863. The company has a market capitalization of $122.95 million, a PE ratio of -2.14, a P/E/G ratio of 0.44 and a beta of 2.54. The company’s 50-day moving average price is $1.82 and its two-hundred day moving average price is $1.58. The company has a debt-to-equity ratio of 6.39, a quick ratio of 1.16 and a current ratio of 1.87. NN, Inc. has a 12 month low of $1.10 and a 12 month high of $2.99.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $118.45 million during the quarter, compared to analysts’ expectations of $106.59 million. NN had a negative net margin of 7.85% and a positive return on equity of 4.54%. As a group, sell-side analysts forecast that NN, Inc. will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NNBR. Two Sigma Investments LP bought a new stake in shares of NN in the 3rd quarter valued at about $27,000. Hudson Bay Capital Management LP bought a new position in NN during the second quarter worth about $29,000. Virtu Financial LLC acquired a new position in NN during the fourth quarter worth approximately $30,000. Quinn Opportunity Partners LLC bought a new stake in NN in the fourth quarter valued at approximately $32,000. Finally, Laurel Oak Wealth Management LLC bought a new stake in NN in the first quarter valued at approximately $72,000. Institutional investors own 53.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research raised shares of NN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. B. Riley Financial downgraded NN from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $3.00.

About NN

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.