Neenah Paper, Inc. (NYSE:NP) CFO Bonnie Cruickshank Lind sold 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $82.00, for a total value of $123,000.00. Following the transaction, the chief financial officer now directly owns 25,574 shares in the company, valued at approximately $2,097,068. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bonnie Cruickshank Lind also recently made the following trade(s):

  • On Wednesday, July 19th, 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 value of $121,500.00.
  • 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 value 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 value of $121,500.00.

Neenah Paper, Inc. (NYSE:NP) traded down 0.65% during trading on Monday, reaching $77.00. The company’s stock had a trading volume of 30,300 shares. The company has a 50 day moving average price of $79.68 and a 200-day moving average price of $78.09. Neenah Paper, Inc. has a 52 week low of $72.35 and a 52 week high of $90.22. The company has a market capitalization of $1.29 billion, a PE ratio of 17.54 and a beta of 1.30.

Neenah Paper (NYSE:NP) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The company had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. Neenah Paper’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 earnings per share. Equities research analysts anticipate that Neenah Paper, Inc. will post $4.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, August 16th. Neenah Paper’s payout ratio is 33.71%.

Neenah Paper declared that its board has authorized a stock repurchase program on Thursday, May 25th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the basic materials company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of equities analysts have weighed in on NP shares. Zacks Investment Research raised Neenah Paper from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered Neenah Paper from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th. Finally, BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.

A number of institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its position in Neenah Paper by 3.4% in the first quarter. Nationwide Fund Advisors now owns 20,413 shares of the basic materials company’s stock valued at $1,525,000 after buying an additional 669 shares during the last quarter. Prudential Financial Inc. increased its position in Neenah Paper by 9.0% in the first quarter. Prudential Financial Inc. now owns 49,930 shares of the basic materials company’s stock valued at $3,730,000 after buying an additional 4,130 shares during the last quarter. First Manhattan Co. increased its position in Neenah Paper by 22.3% in the first quarter. First Manhattan Co. now owns 75,450 shares of the basic materials company’s stock valued at $5,961,000 after buying an additional 13,775 shares during the last quarter. Capstone Asset Management Co. increased its position in Neenah Paper by 12.0% in the first quarter. Capstone Asset Management Co. now owns 4,540 shares of the basic materials company’s stock valued at $339,000 after buying an additional 485 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its position in Neenah Paper by 4.3% in the first quarter. ClariVest Asset Management LLC now owns 65,716 shares of the basic materials company’s stock valued at $4,910,000 after buying an additional 2,727 shares during the last quarter. 92.16% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Neenah Paper (NYSE:NP)

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