Neenah Paper, Inc. (NYSE:NP) CFO Bonnie Cruickshank Lind sold 1,500 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $82.00, for a total value of $123,000.00. Following the completion of the transaction, the chief financial officer now owns 25,574 shares in the company, valued at $2,097,068. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Bonnie Cruickshank Lind also recently made the following trade(s):

  • On Wednesday, July 19th, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $81.00, for a total value of $121,500.00.
  • On Thursday, June 22nd, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The stock was sold at an average price of $80.00, for a total value of $120,000.00.
  • On Monday, June 12th, Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock. The shares were sold at an average price of $81.00, for a total value of $121,500.00.

Neenah Paper, Inc. (NP) traded down 0.77% during midday trading on Friday, reaching $77.00. The company had a trading volume of 58,150 shares. The company has a 50-day moving average of $78.93 and a 200-day moving average of $77.71. The stock has a market capitalization of $1.29 billion, a PE ratio of 17.54 and a beta of 1.30. Neenah Paper, Inc. has a 12-month low of $72.35 and a 12-month high of $90.23.

Neenah Paper (NYSE:NP) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business had revenue of $248.70 million for the quarter, compared to the consensus estimate of $250.88 million. During the same period in the previous year, the company posted $1.26 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that Neenah Paper, Inc. will post $4.18 EPS for the current fiscal year.

Neenah Paper announced that its board has approved a stock buyback program on Thursday, May 25th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 16th. Neenah Paper’s dividend payout ratio (DPR) is 33.71%.

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Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in Neenah Paper during the first quarter valued at approximately $107,000. Riverhead Capital Management LLC increased its stake in Neenah Paper by 83.1% in the second quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $117,000 after buying an additional 665 shares during the period. Elkfork Partners LLC boosted its position in Neenah Paper by 17.5% in the first quarter. Elkfork Partners LLC now owns 1,598 shares of the basic materials company’s stock valued at $119,000 after buying an additional 238 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in Neenah Paper during the second quarter valued at $127,000. Finally, Bank of Montreal Can boosted its position in Neenah Paper by 17.3% in the first quarter. Bank of Montreal Can now owns 1,808 shares of the basic materials company’s stock valued at $135,000 after buying an additional 267 shares in the last quarter. 90.97% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine lowered Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th. Finally, Zacks Investment Research lowered Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.

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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