Key Points
- Director Raymond White sold 18,782 shares of NN, Inc. stock on May 12 at an average price of $2.41, totaling about $45,265. After the sale, he still owned 858,283 shares.
- NNBR shares were up 3.1% to $2.33, and the stock has traded between a 52-week low of $1.10 and a high of $2.99.
- The company recently reported better-than-expected quarterly results, posting EPS of $0.02 versus estimates for a loss and revenue of $118.45 million, above analyst expectations.
NN, Inc. (NASDAQ:NNBR - Get Free Report) Director Raymond White sold 18,782 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $2.41, for a total value of $45,264.62. Following the completion of the sale, the director owned 858,283 shares of the company's stock, valued at approximately $2,068,462.03. This represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NN Stock Up 3.1%
Shares of NNBR opened at $2.33 on Friday. The company has a market cap of $122.95 million, a PE ratio of -2.14, a P/E/G ratio of 0.42 and a beta of 2.54. The business has a fifty day moving average of $1.84 and a 200 day moving average of $1.59. NN, Inc. has a 52-week low of $1.10 and a 52-week high of $2.99. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 6.39.
NN (NASDAQ:NNBR - Get Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The firm had revenue of $118.45 million for the quarter, compared to analysts' expectations of $106.59 million. NN had a positive return on equity of 4.54% and a negative net margin of 7.85%. On average, sell-side analysts expect that NN, Inc. will post 0.12 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of NNBR. XTX Topco Ltd bought a new position in NN in the second quarter worth approximately $156,000. Marshall Wace LLP grew its stake in NN by 334.0% in the second quarter. Marshall Wace LLP now owns 257,234 shares of the industrial products company's stock worth $540,000 after purchasing an additional 197,960 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in NN in the second quarter worth approximately $147,000. Jane Street Group LLC bought a new position in NN in the second quarter worth approximately $233,000. Finally, Nantahala Capital Management LLC grew its stake in NN by 69.4% in the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company's stock worth $5,127,000 after purchasing an additional 1,000,000 shares in the last quarter. Institutional investors own 53.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on NNBR shares. B. Riley Financial cut NN from a "buy" rating to a "neutral" rating in a research note on Monday. Zacks Research raised NN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NN in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $3.00.
Get Our Latest Stock Analysis on NNBR
About NN
(
Get Free Report)
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.
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