Insider Buying: NN, Inc. (NASDAQ:NNBR) COO Purchases 44,784 Shares of Stock

NN, Inc. (NASDAQ:NNBR - Get Free Report) COO Timothy M. French acquired 44,784 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $2.08 per share, with a total value of $93,150.72. Following the completion of the acquisition, the chief operating officer now directly owns 374,784 shares of the company's stock, valued at approximately $779,550.72. This trade represents a 13.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NN Price Performance

NASDAQ:NNBR traded up $0.01 during trading hours on Tuesday, hitting $2.21. The company's stock had a trading volume of 25,338 shares, compared to its average volume of 292,461. NN, Inc. has a 52-week low of $1.58 and a 52-week high of $4.67. The company has a market capitalization of $111.49 million, a PE ratio of -2.03, a PEG ratio of 2.01 and a beta of 2.15. The business's 50-day moving average is $2.10 and its two-hundred day moving average is $2.90. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC acquired a new stake in shares of NN during the fourth quarter worth $43,000. Voya Investment Management LLC acquired a new position in NN in the 4th quarter worth about $47,000. Bailard Inc. bought a new stake in shares of NN during the 1st quarter worth about $39,000. SG Americas Securities LLC boosted its stake in NN by 37.7% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 5,752 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of NN by 209.9% in the 4th quarter. MetLife Investment Management LLC now owns 27,181 shares of the industrial products company's stock worth $89,000 after acquiring an additional 18,410 shares during the period. 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.