NN, Inc. (NASDAQ:NNBR) EVP James Robert Atkinson purchased 3,000 shares of NN stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of $8.65 per share, for a total transaction of $25,950.00. Following the completion of the acquisition, the executive vice president now owns 21,550 shares of the company’s stock, valued at approximately $186,407.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NNBR opened at $9.00 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.12 and a debt-to-equity ratio of 2.26. The firm has a market cap of $381.30 million, a price-to-earnings ratio of 7.69 and a beta of 1.40. NN, Inc. has a 52 week low of $5.55 and a 52 week high of $22.15.
NN (NASDAQ:NNBR) last announced its earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $213.26 million for the quarter, compared to analysts’ expectations of $209.86 million. NN had a positive return on equity of 7.79% and a negative net margin of 34.01%. On average, equities research analysts forecast that NN, Inc. will post 1.16 EPS for the current fiscal year.
NNBR has been the topic of several recent analyst reports. BidaskClub downgraded NN from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Robert W. Baird reduced their price target on NN from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Finally, Zacks Investment Research downgraded NN from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $17.38.
A number of hedge funds and other institutional investors have recently made changes to their positions in NNBR. Metropolitan Life Insurance Co NY boosted its stake in shares of NN by 18.2% during the first quarter. Metropolitan Life Insurance Co NY now owns 12,637 shares of the industrial products company’s stock worth $94,000 after buying an additional 1,950 shares during the period. MetLife Investment Advisors LLC raised its holdings in NN by 56.7% during the first quarter. MetLife Investment Advisors LLC now owns 19,899 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 7,203 shares in the last quarter. Wilen Investment Management CORP. raised its holdings in NN by 1.9% during the first quarter. Wilen Investment Management CORP. now owns 269,166 shares of the industrial products company’s stock worth $1,978,000 after purchasing an additional 5,100 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in NN by 19.5% during the first quarter. Paradigm Capital Management Inc. NY now owns 2,141,000 shares of the industrial products company’s stock worth $16,036,000 after purchasing an additional 349,729 shares in the last quarter. Finally, Private Management Group Inc. raised its holdings in NN by 0.5% during the first quarter. Private Management Group Inc. now owns 2,964,818 shares of the industrial products company’s stock worth $22,206,000 after purchasing an additional 15,262 shares in the last quarter. 99.35% of the stock is currently owned by institutional investors and hedge funds.
NN Company Profile
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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