Neogen Corporation (NEOG) VP Sells $446,358.60 in Stock
Neogen Corporation (NASDAQ:NEOG) VP Edward Bradley sold 6,372 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $70.05, for a total transaction of $446,358.60. Following the sale, the vice president now owns 75,156 shares of the company’s stock, valued at approximately $5,264,677.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Edward Bradley also recently made the following trade(s):
- On Wednesday, July 19th, Edward Bradley sold 5,000 shares of Neogen Corporation stock. The stock was sold at an average price of $66.33, for a total transaction of $331,650.00.
- On Monday, June 19th, Edward Bradley sold 5,000 shares of Neogen Corporation stock. The stock was sold at an average price of $68.72, for a total transaction of $343,600.00.
Neogen Corporation (NEOG) traded down 0.85% on Thursday, reaching $68.92. 38,580 shares of the company traded hands. The company has a 50-day moving average price of $66.69 and a 200-day moving average price of $65.21. The company has a market capitalization of $2.63 billion, a P/E ratio of 60.46 and a beta of 1.51. Neogen Corporation has a 12 month low of $50.53 and a 12 month high of $70.46.
Neogen Corporation (NASDAQ:NEOG) last posted its earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $98.80 million during the quarter, compared to analyst estimates of $100.80 million. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. Neogen Corporation’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. Equities research analysts expect that Neogen Corporation will post $1.30 EPS for the current year.
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Several brokerages have recently weighed in on NEOG. BidaskClub upgraded shares of Neogen Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. CL King began coverage on shares of Neogen Corporation in a research note on Friday, July 14th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, July 20th.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Neogen Corporation during the 2nd quarter valued at about $154,000. Riverhead Capital Management LLC lifted its stake in shares of Neogen Corporation by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the company’s stock worth $159,000 after acquiring an additional 1,097 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Neogen Corporation by 53.0% in the 1st quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock worth $167,000 after acquiring an additional 881 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Neogen Corporation in the 2nd quarter worth approximately $209,000. Finally, Creative Planning lifted its stake in shares of Neogen Corporation by 1.3% in the 2nd quarter. Creative Planning now owns 3,478 shares of the company’s stock worth $240,000 after acquiring an additional 46 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.
Neogen Corporation Company Profile
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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