NN (NASDAQ:NNBR) Major Shareholder John Frederick Barrett Sells 555,305 Shares of Stock

NN, Inc. (NASDAQ:NNBR) major shareholder John Frederick Barrett sold 555,305 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $2.69, for a total transaction of $1,493,770.45. Following the completion of the transaction, the insider owned 4,717,079 shares in the company, valued at $12,688,942.51. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock 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 shares were 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 shares were sold at an average price of $2.30, for a total value 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 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 shares were 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 shares were sold at an average price of $2.06, for a total value of $649,798.16.

NN Stock Performance

Shares of NASDAQ NNBR opened at $2.30 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 4.52. The business’s 50 day moving average is $1.67 and its two-hundred day moving average is $1.55. The company has a market cap of $115.44 million, a P/E ratio of -2.15, a P/E/G ratio of 0.51 and a beta of 2.21. NN, Inc. has a 12 month low of $1.10 and a 12 month high of $2.88.

Analysts Set New Price Targets

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

NN News Summary

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

Institutional Trading of NN

Several institutional investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. raised its stake in NN by 11.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 90,600 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 9,600 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of NN by 29.3% in the 4th quarter. XTX Topco Ltd now owns 73,920 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 16,732 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of NN in the 4th quarter valued at $90,000. Squarepoint Ops LLC bought a new stake in shares of NN in the 3rd quarter worth about $88,000. Finally, Quinn Opportunity Partners LLC bought a new stake in shares of NN in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

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.