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

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

NN Price Performance

NASDAQ:NNBR opened at $2.03 on Thursday. 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 fifty day simple moving average of $2.12 and a 200 day simple moving average of $2.94. NN, Inc. has a 1-year low of $1.58 and a 1-year high of $4.67. The stock has a market capitalization of $101.24 million, a PE ratio of -1.86, a P/E/G ratio of 2.01 and a beta of 2.15.

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

Hedge Funds Weigh In On NN

A number of hedge funds and other institutional investors have recently bought and sold shares of NNBR. SG Americas Securities LLC lifted its position in shares of 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 buying an additional 5,752 shares during the last quarter. Barclays PLC raised its stake in 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 acquiring an additional 9,289 shares during the period. Empowered Funds LLC raised 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 acquiring an additional 9,424 shares during the period. JPMorgan Chase & Co. lifted its holdings in NN by 343.8% during the 4th quarter. JPMorgan Chase & Co. now owns 89,265 shares of the industrial products company's stock valued at $292,000 after purchasing an additional 69,149 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in NN by 209.9% during the fourth quarter. MetLife Investment Management LLC now owns 27,181 shares of the industrial products company's stock worth $89,000 after purchasing an additional 18,410 shares during the period. Institutional investors own 53.92% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.