NN (NASDAQ:NNBR) Upgraded at B. Riley

B. Riley upgraded shares of NN (NASDAQ:NNBR) to a strong-buy rating in a research note issued to investors on Wednesday morning, MarketBeat reports.

Separately, Wall Street Zen raised NN from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

NN Trading Up 2.6%

Shares of NNBR stock opened at $2.00 on Wednesday. The stock has a market cap of $100.90 million, a P/E ratio of -2.02 and a beta of 2.03. NN has a 1 year low of $1.58 and a 1 year high of $4.67. The company has a current ratio of 1.92, a quick ratio of 1.22 and a debt-to-equity ratio of 2.19. The stock has a 50 day simple moving average of $2.08 and a 200 day simple moving average of $2.34.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $105.69 million during the quarter, compared to analysts’ expectations of $111.96 million. NN had a negative return on equity of 6.24% and a negative net margin of 7.22%. On average, research analysts predict that NN will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NN news, COO Timothy M. French bought 44,784 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $2.08 per share, for a total transaction of $93,150.72. Following the completion of the purchase, the chief operating officer directly owned 374,784 shares of the company’s stock, valued at approximately $779,550.72. This trade represents a 13.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Harold C. Bevis purchased 45,316 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was acquired at an average price of $2.20 per share, for a total transaction of $99,695.20. Following the purchase, the chief executive officer owned 1,463,150 shares in the company, valued at approximately $3,218,930. The trade was a 3.20% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 110,288 shares of company stock worth $233,662 over the last three months. 7.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NNBR. Paradigm Capital Management Inc. NY boosted its stake in shares of NN by 22.5% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 2,274,300 shares of the industrial products company’s stock valued at $5,140,000 after purchasing an additional 418,100 shares in the last quarter. Register Financial Advisors LLC grew its stake in shares of NN by 0.5% during the first quarter. Register Financial Advisors LLC now owns 1,249,380 shares of the industrial products company’s stock worth $2,824,000 after buying an additional 6,243 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NN by 15.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 783,033 shares of the industrial products company’s stock worth $2,561,000 after buying an additional 106,518 shares during the last quarter. De Lisle Partners LLP lifted its stake in shares of NN by 21.5% in the 1st quarter. De Lisle Partners LLP now owns 410,228 shares of the industrial products company’s stock valued at $929,000 after acquiring an additional 72,633 shares during the last quarter. Finally, Northern Trust Corp raised its position in NN by 5.2% in the fourth quarter. Northern Trust Corp now owns 372,945 shares of the industrial products company’s stock valued at $1,220,000 after purchasing an additional 18,492 shares during the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.