Neenah Paper, Inc. (NP) Shares Sold by Profund Advisors LLC
Profund Advisors LLC lowered its position in Neenah Paper, Inc. (NYSE:NP) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,607 shares of the basic materials company’s stock after selling 86 shares during the period. Profund Advisors LLC’s holdings in Neenah Paper were worth $209,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Neenah Paper by 128,954.2% in the first quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock valued at $150,292,000 after purchasing an additional 2,010,396 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Neenah Paper by 6.4% in the first 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 in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Neenah Paper by 5.9% in the second quarter. Wells Fargo & Company MN now owns 841,177 shares of the basic materials company’s stock valued at $67,505,000 after purchasing an additional 46,719 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Neenah Paper by 0.9% in the second quarter. Royce & Associates LP now owns 824,800 shares of the basic materials company’s stock valued at $66,190,000 after purchasing an additional 6,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Neenah Paper by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 704,650 shares of the basic materials company’s stock valued at $52,637,000 after purchasing an additional 11,228 shares in the last quarter. 89.33% of the stock is owned by institutional investors and hedge funds.
Shares of Neenah Paper, Inc. (NYSE NP) opened at 87.45 on Friday. Neenah Paper, Inc. has a one year low of $72.35 and a one year high of $90.23. The company has a 50 day moving average of $82.09 and a 200-day moving average of $78.92. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 19.92 and a beta of 1.32.
Neenah Paper (NYSE:NP) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The business had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. Neenah Paper had a net margin of 10.05% and a return on equity of 27.40%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, analysts expect that Neenah Paper, Inc. will post $4.18 EPS for the current year.
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NP has been the subject of a number of research reports. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub raised shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.
In other news, SVP Julie Schertell sold 2,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $76.71, for a total transaction of $153,420.00. Following the completion of the transaction, the senior vice president now owns 3,789 shares of the company’s stock, valued at $290,654.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bonnie Cruickshank Lind sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $81.00, for a total transaction of $121,500.00. Following the transaction, the chief financial officer now directly owns 27,074 shares of the company’s stock, valued at approximately $2,192,994. The disclosure for this sale can be found here. In the last three months, insiders sold 10,392 shares of company stock valued at $845,254. 2.00% of the stock is owned by insiders.
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.
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