Neenah Paper, Inc. (NP) SVP Julie Schertell Sells 2,000 Shares
Neenah Paper, Inc. (NYSE:NP) SVP Julie Schertell sold 2,000 shares of Neenah Paper stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $76.71, for a total transaction of $153,420.00. Following the sale, the senior vice president now directly owns 3,789 shares of the company’s stock, valued at approximately $290,654.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Julie Schertell also recently made the following trade(s):
- On Monday, June 12th, Julie Schertell sold 1,219 shares of Neenah Paper stock. The shares were sold at an average price of $80.65, for a total transaction of $98,312.35.
Shares of Neenah Paper, Inc. (NYSE NP) opened at 76.50 on Wednesday. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.22. The stock’s 50 day moving average is $78.57 and its 200 day moving average is $77.52. The company has a market cap of $1.29 billion, a P/E ratio of 17.43 and a beta of 1.30.
Neenah Paper (NYSE:NP) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. During the same period in the previous year, the firm earned $1.26 earnings per share. Neenah Paper’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Neenah Paper, Inc. will post $4.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.93%. Neenah Paper’s dividend payout ratio is currently 33.71%.
Neenah Paper announced that its board has initiated a stock repurchase program on Thursday, May 25th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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NP has been the subject of several research analyst reports. BidaskClub downgraded shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded shares of Neenah Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, ValuEngine downgraded shares of Neenah Paper from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Neenah Paper during the first quarter valued at $107,000. Riverhead Capital Management LLC increased its position in shares of Neenah Paper by 83.1% in the second quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $117,000 after buying an additional 665 shares during the period. Elkfork Partners LLC increased its position in shares of Neenah Paper by 17.5% in the first quarter. Elkfork Partners LLC now owns 1,598 shares of the basic materials company’s stock valued at $119,000 after buying an additional 238 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of Neenah Paper during the second quarter valued at $127,000. Finally, Bank of Montreal Can increased its position in shares of Neenah Paper by 17.3% in the first 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. Institutional investors and hedge funds own 93.04% of the company’s stock.
Neenah Paper Company Profile
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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