Neenah Paper, Inc. (NP) Insider John P. O’donnell Sells 1,807 Shares
Neenah Paper, Inc. (NYSE:NP) insider John P. O’donnell sold 1,807 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $89.54, for a total value of $161,798.78. Following the sale, the insider now owns 78,773 shares in the company, valued at approximately $7,053,334.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Neenah Paper, Inc. (NYSE NP) opened at $90.00 on Tuesday. Neenah Paper, Inc. has a twelve month low of $72.35 and a twelve month high of $90.65. The company has a market capitalization of $1,502.72, a P/E ratio of 20.45, a P/E/G ratio of 4.27 and a beta of 1.27. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.56.
Neenah Paper (NYSE:NP) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.01. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The firm had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.60 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. analysts expect that Neenah Paper, Inc. will post 4.19 EPS for the current fiscal year.
Neenah Paper declared that its board has approved a share repurchase program on Wednesday, November 29th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Friday, November 17th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. Neenah Paper’s dividend payout ratio is currently 32.60%.
NP has been the topic of several recent analyst reports. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub downgraded Neenah Paper from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.
A number of large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of Neenah Paper by 0.3% in the second 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 during the period. Pinebridge Investments L.P. boosted its position in shares of Neenah Paper by 0.8% in the second 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 during the period. Texas Permanent School Fund boosted its position in shares of Neenah Paper by 0.7% in the second 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 during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in Neenah Paper by 0.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 27,018 shares of the basic materials company’s stock worth $2,168,000 after purchasing an additional 100 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Neenah Paper by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,092 shares of the basic materials company’s stock worth $1,051,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 92.89% 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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