Nexeo Solutions (NXEO) Insider Purchases $17,900.00 in Stock
Nexeo Solutions (NASDAQ:NXEO) insider Michael L. Everett acquired 2,500 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $7.16 per share, for a total transaction of $17,900.00. Following the purchase, the insider now directly owns 2,500 shares of the company’s stock, valued at $17,900. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Nexeo Solutions (NASDAQ NXEO) traded down 1.39% during mid-day trading on Friday, hitting $7.07. The stock had a trading volume of 137,619 shares. The firm has a 50 day moving average of $7.68 and a 200 day moving average of $8.55. Nexeo Solutions has a one year low of $6.74 and a one year high of $9.94. The stock has a market cap of $630.73 million and a price-to-earnings ratio of 57.02.
Several brokerages have issued reports on NXEO. Zacks Investment Research cut Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC restated a “hold” rating and set a $8.50 price objective (down previously from $9.50) on shares of Nexeo Solutions in a research note on Thursday, August 10th. Finally, Credit Suisse Group cut their price objective on Nexeo Solutions from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Symphony Asset Management LLC boosted its position in shares of Nexeo Solutions by 4.2% during the 2nd quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock worth $169,000 after acquiring an additional 815 shares in the last quarter. Steinberg Global Asset Management boosted its position in shares of Nexeo Solutions by 3.7% during the 2nd quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 1,000 shares in the last quarter. Wittenberg Investment Management Inc. boosted its position in shares of Nexeo Solutions by 2.8% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 73,511 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 2,002 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Nexeo Solutions during the 2nd quarter worth approximately $106,000. Finally, Nationwide Fund Advisors acquired a new stake in shares of Nexeo Solutions during the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 94.07% of the company’s stock.
About Nexeo Solutions
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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