NN, Inc. (NASDAQ:NNBR) COO Buys $11,162.24 in Stock

NN, Inc. (NASDAQ:NNBR) COO Timothy M. French purchased 5,216 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average price of $2.14 per share, for a total transaction of $11,162.24. Following the purchase, the chief operating officer now owns 380,000 shares of the company’s stock, valued at approximately $813,200. This trade represents a 1.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

NN Stock Performance

Shares of NN stock opened at $2.34 on Friday. The firm has a market cap of $118.05 million, a P/E ratio of -2.15, a P/E/G ratio of 2.01 and a beta of 2.15. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. NN, Inc. has a 12 month low of $1.58 and a 12 month high of $4.67. The stock’s fifty day moving average price is $2.10 and its 200-day moving average price is $2.91.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. The firm had revenue of $105.69 million for the quarter, compared to analyst estimates of $111.96 million. On average, equities research analysts expect that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NN

A number of institutional investors have recently added to or reduced their stakes in NNBR. Paradigm Capital Management Inc. NY boosted its position in NN by 139.4% during the fourth 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 purchasing an additional 1,080,755 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NN by 15.7% during 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. De Lisle Partners LLP boosted its position in NN by 21.5% during the first quarter. De Lisle Partners LLP now owns 410,228 shares of the industrial products company’s stock valued at $929,000 after purchasing an additional 72,633 shares in the last quarter. JPMorgan Chase & Co. boosted its position in NN by 343.8% during the fourth quarter. JPMorgan Chase & Co. now owns 89,265 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 69,149 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in NN during the fourth quarter valued at about $213,000. Institutional investors 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.