L Jeffrey Manzagol Purchases 1,000 Shares of NN Inc. (NNBR) Stock
NN Inc. (NASDAQ:NNBR) SVP L Jeffrey Manzagol acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were purchased at an average price of $14.55 per share, with a total value of $14,550.00. Following the completion of the transaction, the senior vice president now owns 19,244 shares of the company’s stock, valued at approximately $280,000.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NN Inc. (NASDAQ:NNBR) opened at 15.425 on Thursday. The firm’s market capitalization is $420.16 million. The company’s 50-day moving average is $17.54 and its 200 day moving average is $16.76. NN Inc. has a 52-week low of $10.34 and a 52-week high of $20.39.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, November 2nd. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by $0.07. The company had revenue of $205 million for the quarter, compared to analysts’ expectations of $219.13 million. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. NN’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Equities analysts expect that NN Inc. will post $1.45 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of NN from a “strong sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research report on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.
Several large investors have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of NN by 2.7% in the third quarter. Northern Trust Corp now owns 347,567 shares of the company’s stock valued at $6,344,000 after buying an additional 9,056 shares during the last quarter. Emerald Acquisition Ltd. raised its stake in shares of NN by 15.7% in the third quarter. Emerald Acquisition Ltd. now owns 115,219 shares of the company’s stock valued at $2,103,000 after buying an additional 15,592 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of NN by 0.7% in the third quarter. California State Teachers Retirement System now owns 55,422 shares of the company’s stock valued at $1,011,000 after buying an additional 400 shares during the last quarter. Boston Partners bought a new stake in shares of NN during the third quarter valued at approximately $3,938,000. Finally, SG Americas Securities LLC bought a new stake in shares of NN during the third quarter valued at approximately $131,000. Institutional investors own 99.86% of the company’s stock.
NN Company Profile
NN, Inc is a diversified industrial company. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group. Within its Precision Bearing Components Group, the Company manufactures and supplies high precision bearing components, consisting of balls, cylindrical rollers, tapered rollers, spherical rollers and metal retainers for bearing and constant velocity-joint manufacturers.
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