Neogen Corporation (NASDAQ:NEOG) VP Edward Bradley sold 13,628 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $70.06, for a total transaction of $954,777.68. Following the transaction, the vice president now owns 71,691 shares in the company, valued at approximately $5,022,671.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Edward Bradley also recently made the following trade(s):

  • On Wednesday, September 6th, Edward Bradley sold 6,372 shares of Neogen Corporation stock. The stock was sold at an average price of $70.05, for a total transaction of $446,358.60.
  • On Wednesday, July 19th, Edward Bradley sold 5,000 shares of Neogen Corporation stock. The stock was sold at an average price of $66.33, for a total transaction of $331,650.00.
  • On Monday, June 19th, Edward Bradley sold 5,000 shares of Neogen Corporation stock. The stock was sold at an average price of $68.72, for a total transaction of $343,600.00.

Shares of Neogen Corporation (NEOG) traded up 0.95% on Tuesday, reaching $70.96. 30,055 shares of the company traded hands. Neogen Corporation has a one year low of $50.53 and a one year high of $71.26. The firm’s 50 day moving average is $66.80 and its 200 day moving average is $65.25. The company has a market capitalization of $2.71 billion, a P/E ratio of 62.25 and a beta of 1.51.

Neogen Corporation (NASDAQ:NEOG) last released its earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%. The firm had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts expect that Neogen Corporation will post $1.30 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Neogen Corporation during the second quarter valued at about $154,000. Riverhead Capital Management LLC boosted its stake in shares of Neogen Corporation by 91.4% during the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the company’s stock valued at $159,000 after purchasing an additional 1,097 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Neogen Corporation by 53.0% during the first quarter. Victory Capital Management Inc. now owns 2,543 shares of the company’s stock valued at $167,000 after purchasing an additional 881 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Neogen Corporation during the second quarter valued at about $209,000. Finally, Creative Planning boosted its stake in shares of Neogen Corporation by 1.3% during the second quarter. Creative Planning now owns 3,478 shares of the company’s stock valued at $240,000 after purchasing an additional 46 shares in the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on NEOG shares. BidaskClub upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, July 20th. Finally, CL King started coverage on shares of Neogen Corporation in a research report on Friday, July 14th. They set a “neutral” rating on the stock.

About Neogen Corporation

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.

Insider Buying and Selling by Quarter for Neogen Corporation (NASDAQ:NEOG)

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