NN, Inc. (NASDAQ:NNBR) Director Steven T. Warshaw sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $26.82, for a total value of $53,640.00. Following the completion of the transaction, the director now owns 58,732 shares in the company, valued at approximately $1,575,192.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NN, Inc. (NNBR) traded up 3.35% during midday trading on Friday, reaching $27.80. The company’s stock had a trading volume of 252,597 shares. The firm’s market cap is $765.61 million. The company has a 50-day moving average price of $26.01 and a 200-day moving average price of $26.61. NN, Inc. has a 12 month low of $13.43 and a 12 month high of $31.65.

NN (NASDAQ:NNBR) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The firm had revenue of $225.88 million for the quarter, compared to analyst estimates of $221.00 million. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities analysts expect that NN, Inc. will post $1.62 earnings per share for the current year.

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

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Several large investors have recently bought and sold shares of NNBR. Teachers Advisors LLC boosted its stake in shares of NN by 13.5% during the 4th quarter. Teachers Advisors LLC now owns 47,211 shares of the industrial products company’s stock worth $899,000 after acquiring an additional 5,604 shares during the period. Bank of Montreal Can bought a new position in shares of NN during the 1st quarter worth approximately $162,000. Wells Fargo & Company MN boosted its stake in shares of NN by 0.7% during the 1st quarter. Wells Fargo & Company MN now owns 25,214 shares of the industrial products company’s stock worth $635,000 after acquiring an additional 176 shares during the period. LSV Asset Management boosted its stake in shares of NN by 124.8% during the 1st quarter. LSV Asset Management now owns 113,102 shares of the industrial products company’s stock worth $2,850,000 after acquiring an additional 62,800 shares during the period. Finally, US Bancorp DE boosted its stake in shares of NN by 4.5% during the 1st quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 457 shares during the period. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on NNBR shares. SunTrust Banks, Inc. started coverage on NN in a report on Thursday, June 15th. They issued a “buy” rating and a $37.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research cut NN from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub cut NN from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. William Blair reissued a “market perform” rating on shares of NN in a research note on Thursday, August 31st. Finally, ValuEngine raised NN from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.25.

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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