NN, Inc. (NASDAQ:NNBR) Director Buys $20,576.00 in Stock

NN, Inc. (NASDAQ:NNBR - Get Free Report) Director Jeri J. Harman purchased 10,288 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $2.00 per share, with a total value of $20,576.00. Following the completion of the acquisition, the director now directly owns 377,376 shares in the company, valued at approximately $754,752. This represents a 2.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NN Trading Up 0.5%

Shares of NASDAQ NNBR traded up $0.01 during midday trading on Tuesday, hitting $2.21. The stock had a trading volume of 25,338 shares, compared to its average volume of 292,461. The company's 50-day simple moving average is $2.10 and its 200 day simple moving average is $2.90. The firm has a market cap of $111.49 million, a P/E ratio of -2.03, a price-to-earnings-growth ratio of 2.01 and a beta of 2.15. NN, Inc. has a fifty-two week low of $1.58 and a fifty-two week high of $4.67. 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 (NASDAQ:NNBR - Get Free Report) last released 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 company had revenue of $105.69 million during the quarter, compared to analysts' expectations of $111.96 million. NN had a negative return on equity of 10.61% and a negative net margin of 8.05%. Research analysts anticipate that NN, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On NN

Institutional investors have recently made changes to their positions in the stock. Bailard Inc. bought a new position in NN during the first quarter worth about $39,000. ProShare Advisors LLC bought a new position in NN during the fourth quarter worth about $43,000. Voya Investment Management LLC bought a new position in NN during the fourth quarter worth about $47,000. SG Americas Securities LLC boosted its holdings in NN by 37.7% during the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company's stock worth $69,000 after buying an additional 5,752 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of NN by 29.2% during the fourth quarter. Wells Fargo & Company MN now owns 27,306 shares of the industrial products company's stock worth $89,000 after purchasing an additional 6,165 shares during the period. 53.92% of the stock is owned by institutional investors and hedge funds.

About NN

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.