Insider Selling: Neenah Paper, Inc. (NP) SVP Sells $25,502.00 in Stock
Neenah Paper, Inc. (NYSE:NP) SVP Matthew L. Duncan sold 311 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $82.00, for a total transaction of $25,502.00. Following the transaction, the senior vice president now owns 1,963 shares in the company, valued at approximately $160,966. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Matthew L. Duncan also recently made the following trade(s):
- On Friday, September 8th, Matthew L. Duncan sold 1,107 shares of Neenah Paper stock. The stock was sold at an average price of $79.00, for a total transaction of $87,453.00.
Shares of Neenah Paper, Inc. (NYSE NP) opened at 82.50 on Monday. The company has a market cap of $1.39 billion, a PE ratio of 18.79 and a beta of 1.30. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.23. The company has a 50-day moving average of $78.10 and a 200-day moving average of $77.63.
Neenah Paper (NYSE:NP) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. Neenah Paper had a net margin of 7.99% and a return on equity of 21.03%. The firm had revenue of $248.70 million for the quarter, compared to analyst estimates of $250.88 million. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Neenah Paper, Inc. will post $4.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.79%. The ex-dividend date was Wednesday, August 16th. Neenah Paper’s dividend payout ratio is currently 33.71%.
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A number of hedge funds have recently added to or reduced their stakes in NP. Bank of Montreal Can increased its holdings in Neenah Paper by 17.3% in the 1st quarter. Bank of Montreal Can now owns 1,808 shares of the basic materials company’s stock valued at $135,000 after buying an additional 267 shares during the period. Nationwide Fund Advisors increased its holdings in Neenah Paper by 3.4% in the 1st quarter. Nationwide Fund Advisors now owns 20,413 shares of the basic materials company’s stock valued at $1,525,000 after buying an additional 669 shares during the period. Russell Investments Group Ltd. increased its holdings in Neenah Paper by 15.7% in the 1st quarter. Russell Investments Group Ltd. now owns 47,224 shares of the basic materials company’s stock valued at $3,528,000 after buying an additional 6,406 shares during the period. Great West Life Assurance Co. Can increased its holdings in Neenah Paper by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,832 shares of the basic materials company’s stock valued at $1,777,000 after buying an additional 1,762 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Neenah Paper by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 283,088 shares of the basic materials company’s stock valued at $21,146,000 after buying an additional 9,444 shares during the period. 89.33% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on NP. BidaskClub upgraded shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 15th. Zacks Investment Research cut shares of Neenah Paper from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.
About Neenah Paper
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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