NN (NASDAQ:NNBR) Major Shareholder John Frederick Barrett Sells 55,483 Shares of Stock

NN, Inc. (NASDAQ:NNBR) major shareholder John Frederick Barrett sold 55,483 shares of NN stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $2.21, for a total transaction of $122,617.43. Following the sale, the insider owned 5,366,764 shares in the company, valued at approximately $11,860,548.44. This represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 stock was 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 Monday, April 20th, John Frederick Barrett sold 79,757 shares of NN stock. The stock was sold at an average price of $2.24, for a total value of $178,655.68.
• On Friday, April 17th, John Frederick Barrett sold 348,161 shares of NN stock. The stock was sold at an average price of $2.29, for a total value of $797,288.69.
• 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 stock was sold at an average price of $2.06, for a total value of $649,798.16.

NN Trading Down 9.4%

NASDAQ:NNBR opened at $2.30 on Thursday. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.83 and a quick ratio of 1.09. NN, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.88. The stock’s 50-day moving average is $1.67 and its two-hundred day moving average is $1.55. The stock has a market cap of $115.44 million, a PE ratio of -2.15, a price-to-earnings-growth ratio of 0.51 and a beta of 2.21.

Institutional Investors Weigh In On NN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Laurel Oak Wealth Management LLC acquired a new stake in NN in the 1st quarter worth approximately $72,000. Virtu Financial LLC acquired a new stake in NN in the 4th quarter worth approximately $30,000. XTX Topco Ltd lifted its holdings in NN by 29.3% in the 4th quarter. XTX Topco Ltd now owns 73,920 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 16,732 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in NN in the 4th quarter worth approximately $77,000. Finally, First Manhattan CO. LLC. lifted its holdings in NN by 8.2% in the 4th quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company’s stock worth $3,845,000 after purchasing an additional 228,800 shares during the last quarter. 53.92% of the stock is currently owned by institutional investors and hedge funds.

More NN News

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NN in a research note on Tuesday, April 21st. Zacks Research cut NN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, B. Riley Financial lowered their price target on NN from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $3.00.

About NN

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.