Insider Buying: NN, Inc. (NASDAQ:NNBR) CEO Purchases 45,316 Shares of Stock

NN, Inc. (NASDAQ:NNBR - Get Free Report) CEO Harold C. Bevis acquired 45,316 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average cost of $2.20 per share, with a total value of $99,695.20. Following the completion of the acquisition, the chief executive officer now owns 1,463,150 shares in the company, valued at $3,218,930. This trade represents a 3.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NN Price Performance

Shares of NN stock traded up $0.01 during mid-day trading on Tuesday, reaching $2.21. 25,338 shares of the stock were exchanged, compared to its average volume of 292,461. The company has a market cap of $111.49 million, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of 2.01 and a beta of 2.15. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a 50-day simple moving average of $2.10 and a 200 day simple moving average of $2.90. NN, Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.67.

NN (NASDAQ:NNBR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. The company had revenue of $105.69 million during the quarter, compared to the consensus estimate of $111.96 million. On average, sell-side analysts predict that NN, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On NN

Several institutional investors and hedge funds have recently made changes to their positions in NNBR. SG Americas Securities LLC lifted its position in NN by 37.7% in the 4th 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. Voya Investment Management LLC bought a new stake in shares of NN in the 4th quarter valued at about $47,000. Barclays PLC raised its holdings in shares of NN by 15.3% in the 4th quarter. Barclays PLC now owns 69,973 shares of the industrial products company's stock valued at $229,000 after purchasing an additional 9,289 shares during the period. Empowered Funds LLC grew its stake in NN by 5.2% in the 4th quarter. Empowered Funds LLC now owns 189,061 shares of the industrial products company's stock valued at $618,000 after buying an additional 9,424 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in NN by 15.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 783,033 shares of the industrial products company's stock valued at $2,561,000 after buying an additional 106,518 shares during 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.