NN, Inc. (NASDAQ:NNBR – Get Free Report) major shareholder John Frederick Barrett sold 555,305 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $2.69, for a total transaction of $1,493,770.45. Following the sale, the insider directly owned 4,717,079 shares of the company’s stock, valued at $12,688,942.51. This represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was 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 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 stock was sold at an average price of $2.21, for a total value of $122,617.43.
- 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 Stock Up 6.0%
NASDAQ NNBR opened at $2.46 on Friday. The business has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $1.55. 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 has a market capitalization of $123.47 million, a PE ratio of -2.30, a PEG ratio of 0.45 and a beta of 2.54.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. XTX Topco Ltd raised its position in NN by 29.3% during 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. Captrust Financial Advisors bought a new position in NN during the 4th quarter worth $90,000. Squarepoint Ops LLC bought a new position in NN during the 3rd quarter worth $88,000. Quadrature Capital Ltd bought a new position in NN during the 4th quarter worth $77,000. Finally, Quinn Opportunity Partners LLC bought a new position in NN during the 4th quarter worth $32,000. 53.92% of the stock is owned by institutional investors.
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.
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