NN Inc. (NASDAQ:NNBR) announced a quarterly dividend on Monday, November 21st. Stockholders of record on Friday, December 2nd will be paid a dividend of 0.07 per share on Friday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 30th.

Shares of NN (NASDAQ:NNBR) opened at 17.70 on Friday. NN has a one year low of $10.34 and a one year high of $20.39. The stock’s market cap is $482.13 million. The stock’s 50 day moving average price is $17.25 and its 200 day moving average price is $16.87.

NN (NASDAQ:NNBR) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.07. The firm had revenue of $205 million for the quarter, compared to analysts’ expectations of $219.13 million. NN had a negative net margin of 2.73% and a positive return on equity of 11.50%. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Analysts forecast that NN will post $1.45 earnings per share for the current year.

Dividend History for NN (NASDAQ:NNBR)

Separately, Zacks Investment Research lowered shares of NN from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $18.00.

Hedge funds have recently made changes to their positions in the stock. Elk Creek Partners LLC raised its stake in shares of NN by 27.6% in the second quarter. Elk Creek Partners LLC now owns 441,346 shares of the company’s stock worth $3,131,000 after buying an additional 95,544 shares during the last quarter. Nuveen Asset Management LLC increased its position in NN by 18.5% in the second quarter. Nuveen Asset Management LLC now owns 581,507 shares of the company’s stock valued at $8,135,000 after buying an additional 90,733 shares during the period. BlackRock Fund Advisors increased its position in NN by 8.0% in the third quarter. BlackRock Fund Advisors now owns 730,254 shares of the company’s stock valued at $13,327,000 after buying an additional 53,792 shares during the period. Primecap Management Co. CA increased its position in NN by 4.8% in the second quarter. Primecap Management Co. CA now owns 1,090,000 shares of the company’s stock valued at $15,249,000 after buying an additional 50,258 shares during the period. Finally, Allianz Asset Management AG increased its position in NN by 35.7% in the second quarter. Allianz Asset Management AG now owns 152,212 shares of the company’s stock valued at $2,129,000 after buying an additional 40,012 shares during the period. 99.52% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/25/nn-inc-nnbr-to-go-ex-dividend-on-november-30th.html.

About NN

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.

5 Day Chart for NASDAQ:NNBR

Receive News & Stock Ratings for NN Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NN Inc. and related stocks with our FREE daily email newsletter.