Byron Jason Racki Sells 1,107 Shares of Neenah Paper, Inc. (NP) Stock

Neenah Paper, Inc. (NYSE:NP) insider Byron Jason Racki sold 1,107 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $88.13, for a total transaction of $97,559.91. Following the transaction, the insider now owns 2,595 shares in the company, valued at $228,697.35. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Neenah Paper, Inc. (NYSE:NP) opened at $90.15 on Wednesday. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.65. The firm has a market cap of $1,513.66, a PE ratio of 20.59, a PEG ratio of 4.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.52 and a quick ratio of 1.44.

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

Neenah Paper announced that its board has authorized a share repurchase plan on Wednesday, November 29th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, November 16th. Neenah Paper’s dividend payout ratio is currently 32.60%.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 15th. Zacks Investment Research cut shares of Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Neenah Paper by 7.3% in the 1st quarter. Teachers Advisors LLC now owns 29,132 shares of the basic materials company’s stock valued at $2,176,000 after purchasing an additional 1,984 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Neenah Paper by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 897,825 shares of the basic materials company’s stock valued at $67,067,000 after purchasing an additional 53,970 shares during the last quarter. Aperio Group LLC raised its position in shares of Neenah Paper by 7.0% in the 2nd quarter. Aperio Group LLC now owns 14,100 shares of the basic materials company’s stock valued at $1,132,000 after purchasing an additional 920 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Neenah Paper by 14.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 54,219 shares of the basic materials company’s stock valued at $4,351,000 after purchasing an additional 6,995 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Neenah Paper by 2.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 24,472 shares of the basic materials company’s stock valued at $1,960,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 92.89% of the company’s stock.

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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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