NN, Inc. (NASDAQ:NNBR) insider Thomas C. Jr. Burwell sold 6,000 shares of NN stock in a transaction on Monday, September 18th. The shares were sold at an average price of $27.38, for a total transaction of $164,280.00. Following the completion of the transaction, the insider now directly owns 37,881 shares in the company, valued at $1,037,181.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NN, Inc. (NASDAQ:NNBR) traded down 0.18% during trading on Monday, reaching $27.75. 183,065 shares of the company’s stock traded hands. The company has a 50 day moving average of $26.01 and a 200-day moving average of $26.61. NN, Inc. has a 1-year low of $13.43 and a 1-year high of $31.65. The company’s market capitalization is $764.24 million.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. NN had a negative return on equity of 27.00% and a negative net margin of 10.08%. The firm had revenue of $225.88 million for the quarter, compared to analysts’ expectations of $221.00 million. During the same period last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts predict that NN, Inc. will post $1.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, August 30th. NN’s payout ratio is -116.67%.

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A number of equities analysts have recently commented on NNBR shares. Zacks Investment Research cut shares of NN from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $29.00 target price on shares of NN in a report on Friday, August 4th. William Blair reaffirmed a “market perform” rating on shares of NN in a report on Thursday, August 31st. BidaskClub cut shares of NN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine raised shares of NN from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. NN presently has a consensus rating of “Hold” and a consensus price target of $31.40.

Hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. bought a new stake in NN in the second quarter valued at $139,000. Envestnet Asset Management Inc. lifted its stake in NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock valued at $143,000 after buying an additional 530 shares during the last quarter. Bank of Montreal Can bought a new stake in NN in the first quarter valued at $162,000. US Bancorp DE lifted its stake in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock valued at $265,000 after buying an additional 457 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in NN in the second quarter valued at $298,000. Institutional investors own 91.27% of the company’s stock.

About NN

NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.

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