Timothy M. French Acquires 44,784 Shares of NN, Inc. (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR) COO Timothy M. French bought 44,784 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $2.08 per share, for a total transaction of $93,150.72. Following the acquisition, the chief operating officer now directly owns 374,784 shares of the company’s stock, valued at $779,550.72. The trade was a 13.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NN Stock Performance

NASDAQ:NNBR opened at $2.34 on Friday. The firm has a market capitalization 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 business’s fifty day moving average price is $2.10 and its 200 day moving average price is $2.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. NN, Inc. has a 12 month low of $1.58 and a 12 month high of $4.67.

NN (NASDAQ:NNBR) last posted its 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. The firm had revenue of $105.69 million for the quarter, compared to analyst estimates of $111.96 million. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. On average, sell-side analysts anticipate that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NN

Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in NN by 3.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 100,901 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 3,262 shares in the last quarter. SG Americas Securities LLC boosted its stake in NN by 37.7% in the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 5,752 shares in the last quarter. Wells Fargo & Company MN boosted its stake in NN by 29.2% in the fourth quarter. Wells Fargo & Company MN now owns 27,306 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 6,165 shares in the last quarter. Register Financial Advisors LLC boosted its stake in NN by 0.5% in the first quarter. Register Financial Advisors LLC now owns 1,249,380 shares of the industrial products company’s stock valued at $2,824,000 after acquiring an additional 6,243 shares in the last quarter. Finally, Barclays PLC boosted its stake in NN by 15.3% in the fourth quarter. Barclays PLC now owns 69,973 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 9,289 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.