Jeri J. Harman Acquires 10,288 Shares of NN, Inc. (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR) Director Jeri J. Harman purchased 10,288 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $2.00 per share, with a total value of $20,576.00. Following the purchase, the director now owns 377,376 shares in the company, valued at $754,752. This represents a 2.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NN Stock Performance

NNBR opened at $2.34 on Friday. The company has a market cap of $118.05 million, a PE ratio of -2.15, a price-to-earnings-growth ratio of 2.01 and a beta of 2.15. The stock has a 50-day moving average of $2.10 and a 200-day moving average of $2.91. NN, Inc. has a 52-week low of $1.58 and a 52-week high of $4.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96.

NN (NASDAQ:NNBR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share for the quarter, topping 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 business had revenue of $105.69 million during the quarter, compared to analysts’ expectations of $111.96 million. As a group, equities research analysts forecast that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NN

Large investors have recently made changes to their positions in the business. ProShare Advisors LLC acquired a new position in shares of NN during the 4th quarter worth about $43,000. Voya Investment Management LLC acquired a new position in shares of NN during the 4th quarter worth about $47,000. Bailard Inc. acquired a new position in shares of NN during the 1st quarter worth about $39,000. SG Americas Securities LLC lifted its position in shares of NN by 37.7% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 5,752 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in NN by 209.9% in the 4th quarter. MetLife Investment Management LLC now owns 27,181 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 18,410 shares in the last quarter. Institutional investors and hedge funds 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.