Neenah Paper, Inc. (NP) CFO Bonnie Cruickshank Lind Sells 1,500 Shares
Neenah Paper, Inc. (NYSE:NP) CFO Bonnie Cruickshank Lind sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $81.00, for a total transaction of $121,500.00. Following the completion of the sale, the chief financial officer now directly owns 27,074 shares of the company’s stock, valued at approximately $2,192,994. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Bonnie Cruickshank Lind also recently made the following trade(s):
- On Thursday, June 22nd, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $80.00, for a total transaction of $120,000.00.
- On Monday, June 12th, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $81.00, for a total transaction of $121,500.00.
Neenah Paper, Inc. (NYSE NP) traded down 0.37% during midday trading on Friday, reaching $80.60. 24,637 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $79.49 and its 200 day moving average is $78.41. Neenah Paper, Inc. has a 52 week low of $72.35 and a 52 week high of $90.22. The firm has a market capitalization of $1.35 billion, a P/E ratio of 19.39 and a beta of 1.30.
Neenah Paper (NYSE:NP) last posted its earnings results on Wednesday, May 10th. The basic materials company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.08. Neenah Paper had a return on equity of 21.77% and a net margin of 7.51%. The firm had revenue of $242.10 million for the quarter, compared to analyst estimates of $243.35 million. During the same period in the previous year, the firm posted $1.15 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect that Neenah Paper, Inc. will post $4.04 EPS for the current fiscal year.
Neenah Paper declared that its board has approved a share repurchase program on Thursday, May 25th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
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A number of equities analysts recently weighed in on the stock. ValuEngine cut shares of Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th. BidaskClub cut shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research cut shares of Neenah Paper from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th.
A number of hedge funds have recently bought and sold shares of NP. Ameritas Investment Partners Inc. bought a new stake in Neenah Paper during the first quarter valued at about $107,000. Elkfork Partners LLC boosted its stake in 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 in the last quarter. Bank of Montreal Can boosted its stake in 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 in the last quarter. State of Alaska Department of Revenue boosted its stake in Neenah Paper by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 1,850 shares of the basic materials company’s stock valued at $138,000 after buying an additional 30 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Neenah Paper during the first quarter valued at about $236,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
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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