NN Inc. (NASDAQ:NNBR) declared a quarterly dividend on Monday, November 21st. Shareholders of record on Friday, December 2nd will be given a dividend of 0.07 per share on Friday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, November 30th.
NN (NASDAQ:NNBR) opened at 17.70 on Friday. The firm has a 50 day moving average of $17.25 and a 200 day moving average of $16.87. NN has a 1-year low of $10.34 and a 1-year high of $20.39. The firm’s market cap is $482.13 million.
NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.07. NN had a positive return on equity of 11.50% and a negative net margin of 2.73%. The firm had revenue of $205 million for the quarter, compared to analyst estimates of $219.13 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue was up 32.4% compared to the same quarter last year. On average, equities research analysts expect that NN will post $1.45 EPS for the current year.
Separately, Zacks Investment Research lowered shares of NN from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.00.
A number of institutional investors have recently bought and sold shares of NNBR. SG Americas Securities LLC bought a new position in NN during the third quarter worth $131,000. BlackRock Group LTD increased its position in NN by 64.7% in the second quarter. BlackRock Group LTD now owns 10,644 shares of the company’s stock worth $149,000 after buying an additional 4,182 shares in the last quarter. BlackRock Advisors LLC increased its position in NN by 11.7% in the third quarter. BlackRock Advisors LLC now owns 13,996 shares of the company’s stock worth $255,000 after buying an additional 1,463 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in NN by 35.5% in the third quarter. UBS Asset Management Americas Inc. now owns 14,880 shares of the company’s stock worth $272,000 after buying an additional 3,900 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in NN by 17.3% in the second quarter. Alliancebernstein L.P. now owns 14,900 shares of the company’s stock worth $208,000 after buying an additional 2,200 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.
NN Company Profile