NN (NASDAQ:NNBR) Major Shareholder John Frederick Barrett Sells 40,030 Shares

NN, Inc. (NASDAQ:NNBR) major shareholder John Frederick Barrett sold 40,030 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $2.04, for a total transaction of $81,661.20. Following the sale, the insider directly owned 5,850,165 shares in the company, valued at approximately $11,934,336.60. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares 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 shares were 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 shares were 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 Friday, April 17th, John Frederick Barrett sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total transaction of $797,288.69.
• 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 transaction of $649,798.16.

NN Price Performance

Shares of NASDAQ:NNBR opened at $2.30 on Thursday. The company’s fifty day moving average is $1.67 and its two-hundred day moving average is $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. NN, Inc. has a 12-month low of $1.10 and a 12-month high of $2.88. The company has a market cap of $115.44 million, a P/E ratio of -2.15, a price-to-earnings-growth ratio of 0.51 and a beta of 2.21.

Hedge Funds Weigh In On NN

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

NN News Roundup

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

Analysts Set New Price Targets

NNBR has been the topic of several recent analyst reports. B. Riley Financial cut their target price on shares of NN from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of NN in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.00.

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.