Neenah Paper, Inc. (NYSE:NP) insider John P. O’donnell sold 4,201 shares of Neenah Paper stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $93.50, for a total transaction of $392,793.50. Following the transaction, the insider now directly owns 89,518 shares of the company’s stock, valued at $8,369,933. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Neenah Paper, Inc. (NP) traded up $0.75 during trading hours on Thursday, hitting $92.75. 97,500 shares of the stock traded hands, compared to its average volume of 62,864. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52. The stock has a market cap of $1,547.29, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.86 and a beta of 1.27. Neenah Paper, Inc. has a 52-week low of $72.35 and a 52-week high of $93.50.

Neenah Paper (NYSE:NP) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.01. The firm had revenue of $245.10 million during the quarter, compared to analyst estimates of $240.60 million. Neenah Paper had a net margin of 8.13% and a return on equity of 20.48%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. equities research analysts forecast that Neenah Paper, Inc. will post 4.19 EPS for the current year.

Neenah Paper declared that its board has authorized a stock repurchase plan on Wednesday, November 29th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Large investors have recently bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of Neenah Paper by 83.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 665 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Neenah Paper by 0.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 18 shares during the period. Magnetar Financial LLC acquired a new stake in Neenah Paper in the 3rd quarter valued at $205,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Neenah Paper in the 3rd quarter valued at $221,000. Finally, Suntrust Banks Inc. acquired a new stake in Neenah Paper in the 2nd quarter valued at $285,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

NP has been the subject of several recent research reports. Zacks Investment Research raised shares of Neenah Paper from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Wednesday, January 10th. DA Davidson reaffirmed a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.

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About Neenah Paper

Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.

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

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