NN Director Michael Werner Sells 20,000 Shares (NNBR)
NN (NASDAQ:NNBR) Director Michael Werner sold 20,000 shares of NN stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.07, for a total value of $301,400.00. Following the transaction, the director now directly owns 30,533 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on NNBR. Analysts at Zacks reiterated a “hold” rating on shares of NN (NASDAQ:NNBR) in a research note to investors on Thursday, August 22nd. They now have a $12.30 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of NN (NASDAQ:NNBR) from $14.00 to $17.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock.
NN (NASDAQ:NNBR) traded up 0.47% on Friday, hitting $15.02. The stock had a trading volume of 113,105 shares. NN has a 1-year low of $6.90 and a 1-year high of $15.26. The stock’s 50-day moving average is $13.57 and its 200-day moving average is $10.73. The company has a market cap of $259.4 million and a price-to-earnings ratio of 13.47.
NN (NASDAQ:NNBR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.03. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $93.79 million. During the same quarter last year, the company posted $0.35 earnings per share. NN’s revenue was down 2.5% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, August 28th.
NN, Inc (NASDAQ:NNBR) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
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