Insider Buyers: NN, Inc. (NASDAQ: NNBR) Director buys 5,240 shares
NN, Inc. (NASDAQ: NNBR) Director Jeri J. Harman bought 5,240 shares of the company in a trade on Thursday, December 9. The shares were purchased at an average cost of $ 4.79 per share, for a total value of $ 25,099.60. The transaction was disclosed in a document filed with the SEC, accessible through the SEC’s website.
NNBR shares traded down $ 0.12 on Friday, reaching $ 4.58. The company’s shares had a trade volume of 93,851 shares, compared to its average volume of 227,034. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44, and a rapid ratio. of 1.55. NN, Inc. has a 52 week low of $ 4.16 and a 52 week high of $ 9.62. The company’s fifty-day mobile average price is $ 5.15 and its 200-day mobile average price is $ 6.12. The stock has a market cap of $ 197.10 million, a price-to-earnings ratio of 1.73 and a beta of 3.14.
NN (NASDAQ: NNBR) last reported its results on Thursday, November 4. The industrials company reported EPS of $ 0.01 for the quarter, reaching the consensus estimate of $ 0.01. The company posted revenue of $ 117.24 million for the quarter, compared to a consensus estimate of $ 119.30 million. NN had a net margin of 27.50% and a return on equity of 4.04%. In the same quarter of last year, the company posted EPS of $ 0.07. Analysts predict that NN, Inc. will post 0.03 EPS for the current fiscal year.
A number of brokerage firms have published reports on the NNBR. TheStreet downgraded NN’s shares from a “c-” rating to a “d +” rating in a research note on Thursday, September 2. KeyCorp lowered its price target for NN shares from $ 9.00 to $ 8.00 and set an “overweight” rating for the company in a research note on Monday, September 27.
A number of institutional investors and hedge funds have recently changed their positions in the stock. Metropolitan Life Insurance Co NY increased its stake in NN by 18.2% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company valued at $ 94,000 after acquiring an additional 1,950 shares during the period. The Manufacturers Life Insurance Company increased its holdings in NN by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 29,966 shares of the industrial products company valued at $ 220,000 after acquiring an additional 3,096 shares during the period. Boston Partners increased its stake in NN by 1.3% in the 2nd quarter. Boston Partners now owns 285,287 shares of the industrial products company valued at $ 2,097,000 after acquiring an additional 3,670 shares during the period. Invesco Ltd. increased its stake in NN by 6.5% in the third quarter. Invesco Ltd. now owns 62,161 shares of the industrial products company valued at $ 326,000 after acquiring 3,794 additional shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in NN in the second quarter valued at $ 36,000. Hedge funds and other institutional investors hold 84.86% of the company’s shares.
NN Company Profile
NN, Inc is engaged in the design and manufacture of high precision components and assemblies primarily for the electrical, automotive, general industry, aerospace and defense markets, and medicine. It operates through the Mobile Solutions and Electrical Solutions segments. The Mobile Solutions segment manufactures critical components for fuel systems, engines and transmissions, power steering systems and electromechanical motors.
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