NN (NASDAQ:NNBR) Major Shareholder John Frederick Barrett Sells 348,161 Shares

NN, Inc. (NASDAQ:NNBR) major shareholder John Frederick Barrett sold 348,161 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $2.29, for a total transaction of $797,288.69. Following the transaction, the insider directly owned 5,502,004 shares in the company, valued at $12,599,589.16. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

John Frederick Barrett also recently made the following trade(s):

• On Monday, April 27th, John Frederick Barrett sold 136,165 shares of NN stock. The shares were sold at an average price of $2.63, for a total transaction of $358,113.95.
• On Friday, April 24th, John Frederick Barrett sold 12,199 shares of NN stock. The shares were sold at an average price of $2.51, for a total transaction of $30,619.49.
• On Thursday, April 23rd, John Frederick Barrett sold 555,305 shares of NN stock. The stock was sold at an average price of $2.69, for a total transaction of $1,493,770.45.
• On Wednesday, April 22nd, John Frederick Barrett sold 94,380 shares of NN stock. The stock was sold at an average price of $2.30, for a total transaction of $217,074.00.
• On Tuesday, April 21st, John Frederick Barrett sold 55,483 shares of NN stock. The shares were sold at an average price of $2.21, for a total transaction of $122,617.43.
• On Monday, April 20th, John Frederick Barrett sold 79,757 shares of NN stock. The shares were sold at an average price of $2.24, for a total transaction of $178,655.68.
• On Thursday, April 16th, John Frederick Barrett sold 40,030 shares of NN stock. The stock was sold at an average price of $2.04, for a total value of $81,661.20.
• On Wednesday, April 15th, John Frederick Barrett sold 315,436 shares of NN stock. The shares were sold at an average price of $2.06, for a total value of $649,798.16.

NN Trading Down 9.4%

NN stock opened at $2.30 on Thursday. The business has a 50 day moving average price of $1.67 and a two-hundred day moving average price of $1.55. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 4.52. The stock has a market cap of $115.44 million, a price-to-earnings ratio of -2.15, a price-to-earnings-growth ratio of 0.51 and a beta of 2.21. NN, Inc. has a 12 month low of $1.10 and a 12 month high of $2.88.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. B. Riley Financial lowered their price objective on NN from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a research note on Tuesday, April 21st. Finally, Zacks Research lowered shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, NN presently has an average rating of “Reduce” and a consensus target price of $3.00.

Hedge Funds Weigh In On NN

A number of hedge funds have recently modified their holdings of NNBR. Two Sigma Investments LP bought a new position in shares of NN during the 3rd quarter worth approximately $27,000. Hudson Bay Capital Management LP bought a new stake in NN in the second quarter valued at $29,000. Virtu Financial LLC bought a new stake in NN in the fourth quarter valued at $30,000. Quinn Opportunity Partners LLC acquired a new position in NN during the fourth quarter worth $32,000. Finally, Laurel Oak Wealth Management LLC acquired a new position in NN during the first quarter worth $72,000. 53.92% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting NN

Here are the key news stories impacting NN this week:

• Neutral Sentiment: Barrett remains a substantial holder, with the most recent filing showing ~4.57 million shares retained (value ? $12.0M). This indicates he still has meaningful exposure to NNBR even after the sales. SEC Filings
• Negative Sentiment: Aggregate insider sales of about 1.64 million shares were executed between April 15 and April 27 (multiple Form 4s), removing significant block liquidity from the free float and likely adding downward pressure on the stock. SEC Filings
• Negative Sentiment: Largest single disclosed sale during the period: 555,305 shares on April 23 at an average price of $2.69 (?$1.49M), a material block that may have influenced intraday trading levels. SEC Filings
• Negative Sentiment: Multiple smaller disposals (ranging from ~40k to ~350k shares) on April 15–24 show a pattern of sustained selling rather than a single one-off trade; repeated insider sales often raise questions about near-term company prospects or personal liquidity planning. SEC Filings

NN Company Profile

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin?gauge strips for hybrid and electric vehicle applications to high?volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.