Insider Selling: Neenah Paper, Inc. (NP) Director Sells 2,000 Shares of Stock

Neenah Paper, Inc. (NYSE:NP) Director Timothy S. Lucas sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $87.90, for a total value of $175,800.00. Following the sale, the director now owns 15,693 shares of the company’s stock, valued at approximately $1,379,414.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Neenah Paper, Inc. (NYSE:NP) traded up $1.25 on Monday, hitting $89.95. The stock had a trading volume of 21,356 shares, compared to its average volume of 79,262. The company has a market cap of $1,491.76, a P/E ratio of 20.30, a PEG ratio of 4.23 and a beta of 1.27. Neenah Paper, Inc. has a 52 week low of $72.35 and a 52 week high of $90.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52.

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

Neenah Paper declared that its board has authorized a stock repurchase program on Wednesday, November 29th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Friday, November 17th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. Neenah Paper’s dividend payout ratio is presently 32.60%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its position 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 worth $117,000 after purchasing an additional 665 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in shares of Neenah Paper during the 2nd quarter worth about $127,000. Pinebridge Investments L.P. lifted its position in shares of Neenah Paper by 0.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 18 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of Neenah Paper during the 2nd quarter worth about $201,000. Finally, Magnetar Financial LLC acquired a new position in shares of Neenah Paper during the 3rd quarter worth about $205,000. 92.57% of the stock is owned by institutional investors and hedge funds.

Separately, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th.

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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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