Harold C. Bevis Buys 45,316 Shares of NN, Inc. (NASDAQ:NNBR) Stock

NN, Inc. (NASDAQ:NNBR - Get Free Report) CEO Harold C. Bevis purchased 45,316 shares of the stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $2.20 per share, for a total transaction 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 approximately $3,218,930. This trade represents a 3.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NN Price Performance

NN stock opened at $2.03 on Thursday. The company has a market capitalization of $101.24 million, a price-to-earnings ratio of -1.86, a PEG 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. NN, Inc. has a 12 month low of $1.58 and a 12 month high of $4.67. The stock's 50 day moving average is $2.12 and its 200-day moving average is $2.94.

NN (NASDAQ:NNBR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $105.69 million during the quarter, compared to the consensus estimate of $111.96 million. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. Equities research analysts expect that NN, Inc. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On NN

Hedge funds have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY increased its holdings in shares of NN by 139.4% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,856,200 shares of the industrial products company's stock worth $6,070,000 after purchasing an additional 1,080,755 shares during the period. Dimensional Fund Advisors LP increased its stake in NN by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 783,033 shares of the industrial products company's stock worth $2,561,000 after acquiring an additional 106,518 shares during the period. De Lisle Partners LLP increased its stake in NN by 21.5% during the 1st quarter. De Lisle Partners LLP now owns 410,228 shares of the industrial products company's stock worth $929,000 after acquiring an additional 72,633 shares during the period. JPMorgan Chase & Co. raised its holdings in NN by 343.8% in the 4th quarter. JPMorgan Chase & Co. now owns 89,265 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 69,149 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of NN during the 4th quarter valued at $213,000. 53.92% of the stock is owned by institutional investors.

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.

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