Neogen Corporation (NEOG) CFO Steven J. Quinlan Sells 2,250 Shares of Stock
Neogen Corporation (NASDAQ:NEOG) CFO Steven J. Quinlan sold 2,250 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $78.52, for a total value of $176,670.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Neogen Corporation (NEOG) traded up 0.03% on Friday, reaching $78.76. The company’s stock had a trading volume of 192,084 shares. The stock has a market capitalization of $3.01 billion, a P/E ratio of 66.18 and a beta of 1.52. Neogen Corporation has a 1-year low of $50.53 and a 1-year high of $79.99. The company has a 50 day moving average of $71.63 and a 200 day moving average of $66.55.
Neogen Corporation (NASDAQ:NEOG) last posted its earnings results on Tuesday, September 19th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $94.87 million. Neogen Corporation had a return on equity of 9.93% and a net margin of 12.28%. Neogen Corporation’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Equities research analysts expect that Neogen Corporation will post $1.31 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Neogen Corporation in the second quarter valued at $154,000. Riverhead Capital Management LLC lifted its position in shares of Neogen Corporation by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the company’s stock valued at $159,000 after acquiring an additional 1,097 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Neogen Corporation by 53.0% in the first quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock valued at $167,000 after acquiring an additional 881 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Neogen Corporation in the second quarter valued at $209,000. Finally, Creative Planning lifted its position in shares of Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.
A number of brokerages have weighed in on NEOG. CL King began coverage on Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating on the stock. BidaskClub lowered Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research lowered Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th.
About Neogen Corporation
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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