Great West Life Assurance Co. Can Has $1,863,000 Stake in Neenah Paper Inc. (NP)
Great West Life Assurance Co. Can increased its position in Neenah Paper Inc. (NYSE:NP) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,611 shares of the company’s stock after buying an additional 772 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of Neenah Paper worth $1,863,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Baskin Financial Services Inc. increased its position in shares of Neenah Paper by 2.2% in the third quarter. Baskin Financial Services Inc. now owns 103,893 shares of the company’s stock worth $8,199,000 after buying an additional 2,205 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Neenah Paper by 2.5% in the third quarter. California Public Employees Retirement System now owns 44,500 shares of the company’s stock worth $3,516,000 after buying an additional 1,100 shares during the period. Bank of Montreal Can increased its position in shares of Neenah Paper by 0.4% in the third quarter. Bank of Montreal Can now owns 1,558 shares of the company’s stock worth $124,000 after buying an additional 6 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in shares of Neenah Paper by 2.0% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 25,339 shares of the company’s stock worth $2,002,000 after buying an additional 496 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of Neenah Paper by 1.6% in the third quarter. Eagle Asset Management Inc. now owns 107,819 shares of the company’s stock worth $8,518,000 after buying an additional 1,734 shares during the period. 89.06% of the stock is owned by institutional investors and hedge funds.
Neenah Paper Inc. (NYSE:NP) traded down 0.93% during midday trading on Monday, hitting $85.45. The stock had a trading volume of 98,722 shares. Neenah Paper Inc. has a 12-month low of $52.70 and a 12-month high of $86.45. The company has a 50-day moving average price of $80.88 and a 200-day moving average price of $76.11. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 21.45 and a beta of 1.45.
Neenah Paper (NYSE:NP) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The company had revenue of $232.90 million for the quarter, compared to the consensus estimate of $243.15 million. Neenah Paper had a return on equity of 22.20% and a net margin of 7.12%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Equities analysts anticipate that Neenah Paper Inc. will post $4.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.54%. Neenah Paper’s dividend payout ratio (DPR) is 33.42%.
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A number of equities analysts recently issued reports on NP shares. Zacks Investment Research downgraded Neenah Paper from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. DA Davidson downgraded Neenah Paper from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Friday, August 5th. They noted that the move was a valuation call.
In related news, Director Stephen Michael Wood sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the director now directly owns 33,625 shares in the company, valued at approximately $2,858,125. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Larry Newton Brownlee sold 368 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $80.56, for a total value of $29,646.08. Following the sale, the vice president now owns 368 shares in the company, valued at $29,646.08. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Neenah Paper Company Profile
Neenah Paper, Inc has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).
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