Neogen Corporation (NEOG) CFO Steven J. Quinlan Sells 4,000 Shares
Neogen Corporation (NASDAQ:NEOG) CFO Steven J. Quinlan sold 4,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $80.26, for a total value of $321,040.00. Following the sale, the chief financial officer now owns 14,103 shares in the company, valued at approximately $1,131,906.78. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Neogen Corporation (NEOG) opened at 80.20 on Wednesday. Neogen Corporation has a 12-month low of $50.53 and a 12-month high of $81.52. The firm has a market cap of $3.07 billion, a PE ratio of 67.39 and a beta of 1.52. The stock’s 50 day moving average price is $76.84 and its 200 day moving average price is $68.52.
Neogen Corporation (NASDAQ:NEOG) last announced its earnings results on Tuesday, September 19th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. Neogen Corporation had a net margin of 12.28% and a return on equity of 9.93%. The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $94.87 million. During the same period in the previous year, the business earned $0.26 EPS. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts predict that Neogen Corporation will post $1.32 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/01/neogen-corporation-neog-cfo-steven-j-quinlan-sells-4000-shares.html.
A number of large investors have recently made changes to their positions in the business. Creative Planning raised its stake in Neogen Corporation by 1.3% during the 2nd quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after purchasing an additional 46 shares during the period. Pinebridge Investments L.P. raised its stake in Neogen Corporation by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,022 shares of the company’s stock valued at $347,000 after purchasing an additional 68 shares during the period. Arizona State Retirement System raised its stake in Neogen Corporation by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 19,841 shares of the company’s stock valued at $1,371,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC raised its stake in Neogen Corporation by 1.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 18,935 shares of the company’s stock valued at $1,309,000 after purchasing an additional 200 shares during the period. Finally, Liberty Capital Management Inc. raised its stake in Neogen Corporation by 0.7% during the 2nd quarter. Liberty Capital Management Inc. now owns 35,751 shares of the company’s stock valued at $2,431,000 after purchasing an additional 240 shares during the period. 86.54% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. CL King assumed coverage on Neogen Corporation in a report on Friday, July 14th. They set a “neutral” rating on the stock. Finally, BidaskClub cut Neogen Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
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.
Receive News & Ratings for Neogen Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neogen Corporation and related companies with MarketBeat.com's FREE daily email newsletter.