Insider Buying: NN, Inc. (NASDAQ:NNBR) Director Acquires $20,576.00 in Stock

NN, Inc. (NASDAQ:NNBR) Director Jeri J. Harman purchased 10,288 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $2.00 per share, for a total transaction of $20,576.00. Following the completion of the transaction, the director now directly owns 377,376 shares of the company’s stock, valued at $754,752. This trade represents a 2.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

NN Stock Up 4.9%

NASDAQ:NNBR opened at $2.34 on Friday. The firm has a market capitalization of $118.05 million, a price-to-earnings 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 company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average price is $2.10 and its 200 day moving average price is $2.91.

NN (NASDAQ:NNBR) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $111.96 million. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. On average, sell-side analysts forecast that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in NN by 37.7% in the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 5,752 shares in the last quarter. Voya Investment Management LLC purchased a new position in NN in the fourth quarter valued at about $47,000. Barclays PLC grew its stake in NN by 15.3% in the fourth quarter. Barclays PLC now owns 69,973 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 9,289 shares in the last quarter. Empowered Funds LLC grew its stake in NN by 5.2% in the fourth quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 9,424 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NN by 15.7% in the fourth 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. Hedge funds and other institutional investors own 53.92% of the company’s stock.

NN Company Profile

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.