Neenah Paper, Inc. (NP) VP Larry Newton Brownlee Sells 458 Shares of Stock
Neenah Paper, Inc. (NYSE:NP) VP Larry Newton Brownlee sold 458 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $87.62, for a total value of $40,129.96. Following the sale, the vice president now directly owns 2,370 shares in the company, valued at approximately $207,659.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Neenah Paper, Inc. (NYSE NP) traded up $0.05 on Friday, reaching $88.00. The company had a trading volume of 112,538 shares, compared to its average volume of 79,424. The stock has a market cap of $1,480.00, a PE ratio of 19.71, a price-to-earnings-growth ratio of 4.11 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.52 and a quick ratio of 1.44. Neenah Paper, Inc. has a twelve month low of $72.35 and a twelve month high of $90.23.
Neenah Paper (NYSE:NP) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. The business had revenue of $245.10 million for the quarter, compared to analysts’ expectations of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 EPS. research analysts predict that Neenah Paper, Inc. will post 4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 17th will be issued a $0.37 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. Neenah Paper’s payout ratio is currently 32.53%.
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Several large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its holdings in shares of Neenah Paper by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,431 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 17 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Neenah Paper by 0.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 18 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Neenah Paper by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 12,257 shares of the basic materials company’s stock valued at $984,000 after acquiring an additional 90 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Neenah Paper by 0.4% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 27,018 shares of the basic materials company’s stock valued at $2,168,000 after acquiring an additional 100 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Neenah Paper by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,092 shares of the basic materials company’s stock valued at $1,051,000 after acquiring an additional 148 shares in the last quarter. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. DA Davidson reissued a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th. BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a report 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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