SG Americas Securities LLC Buys Shares of 2,224 Neogen Corporation (NEOG)
SG Americas Securities LLC bought a new stake in shares of Neogen Corporation (NASDAQ:NEOG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,224 shares of the company’s stock, valued at approximately $154,000.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Neogen Corporation by 149,314.6% during the 1st quarter. BlackRock Inc. now owns 4,466,002 shares of the company’s stock valued at $292,745,000 after purchasing an additional 4,463,013 shares during the period. Vanguard Group Inc. lifted its position in Neogen Corporation by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock valued at $213,527,000 after purchasing an additional 176,056 shares during the period. State Street Corp lifted its position in Neogen Corporation by 8.9% during the 1st quarter. State Street Corp now owns 905,938 shares of the company’s stock valued at $59,385,000 after purchasing an additional 73,771 shares during the period. Conestoga Capital Advisors LLC lifted its position in Neogen Corporation by 7.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 797,614 shares of the company’s stock valued at $55,123,000 after purchasing an additional 53,551 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in Neogen Corporation by 8.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 760,702 shares of the company’s stock valued at $49,864,000 after purchasing an additional 56,465 shares during the period. Institutional investors own 86.10% of the company’s stock.
Shares of Neogen Corporation (NEOG) opened at 72.93 on Friday. The stock has a 50 day moving average price of $68.09 and a 200-day moving average price of $65.57. Neogen Corporation has a 52 week low of $50.53 and a 52 week high of $74.98. The company has a market capitalization of $2.79 billion, a PE ratio of 63.97 and a beta of 1.51.
Neogen Corporation (NASDAQ:NEOG) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $94.87 million. Neogen Corporation had a return on equity of 9.93% and a net margin of 12.28%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. Equities research analysts expect that Neogen Corporation will post $1.31 EPS for the current year.
In related news, VP Edward Bradley sold 5,000 shares of Neogen Corporation stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $66.33, for a total value of $331,650.00. Following the transaction, the vice president now directly owns 86,512 shares of the company’s stock, valued at $5,738,340.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Steven J. Quinlan sold 4,000 shares of Neogen Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $68.68, for a total value of $274,720.00. Following the completion of the transaction, the vice president now directly owns 14,103 shares in the company, valued at $968,594.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,209 shares of company stock worth $5,075,355. 4.20% of the stock is owned by insiders.
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A number of brokerages have recently commented on NEOG. Zacks Investment Research cut Neogen Corporation from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub raised Neogen Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Finally, CL King began coverage on Neogen Corporation in a research note on Friday, July 14th. They issued a “neutral” rating for the company.
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.
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