NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, February 17th will be paid a dividend of 0.07 per share on Friday, March 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, February 15th.
Shares of NN (NASDAQ:NNBR) opened at 20.50 on Tuesday. NN has a one year low of $10.73 and a one year high of $20.70. The stock’s market cap is $558.40 million. The firm has a 50-day moving average price of $19.29 and a 200-day moving average price of $17.96.
Several equities analysts recently issued reports on NNBR shares. Zacks Investment Research downgraded shares of NN from a “hold” rating to a “sell” rating in a report on Tuesday, January 24th. Lake Street Capital started coverage on shares of NN in a report on Wednesday, December 21st. They set a “buy” rating and a $30.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.00.
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In other NN news, Director Steven T. Warshaw sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $20.01, for a total value of $150,075.00. Following the completion of the transaction, the director now directly owns 60,100 shares of the company’s stock, valued at $1,202,601. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.
NN, Inc is a diversified industrial company. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group. Within its Precision Bearing Components Group, the Company manufactures and supplies high precision bearing components, consisting of balls, cylindrical rollers, tapered rollers, spherical rollers and metal retainers for bearing and constant velocity-joint manufacturers.
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