Insider Spends US$109k Buying More Shares In NN

Investors who take an interest in NN, Inc. (NASDAQ:NNBR) should definitely note that the CEO, President & Director, Harold Bevis, recently paid US$2.17 per share to buy US$109k worth of the stock. Although the purchase only increased their holding by 3.5%, it is still a solid purchase in our view.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.

NN Insider Transactions Over The Last Year

The Independent Director, Raynard Benvenuti, made the biggest insider sale in the last 12 months. That single transaction was for US$741k worth of shares at a price of US$3.14 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$2.34. So it is hard to draw any strong conclusion from it. The only individual insider seller over the last year was Raynard Benvenuti.

In the last twelve months insiders purchased 152.84k shares for US$384k. But they sold 236.10k shares for US$741k. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for NN

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Does NN Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Our data indicates that NN insiders own about US$9.7m worth of shares (which is 8.2% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The NN Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. We're not thrilled with the relatively low insider ownership and the longer term transaction history. But we like the recent purchasing. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing NN. Case in point: We've spotted 1 warning sign for NN you should be aware of.

Of course NN may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.