November 23, 2016 - By Vivian Park
Mr. Edward Bradley, the current Vice President at Neogen Corp has lately been connected with a sale of 21,600 shares of the Pinksheet-listed company, valued at $61.2 per share. The amount of the trade was of $1,321,052 USD. This deal was reported on 23-11-2016 and is already filed with the U.S. Security & Exchange Commission. The original 4F filing is freely available for public review to the public here. he right now owns 0.32% of the market capitalization of the company.
Out of 2 analysts covering Neogen (NASDAQ:NEOG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Neogen has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, August 26 by Zacks. As per Tuesday, December 22, the company rating was downgraded by Craig Hallum. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”.
Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.09, from 0.95 in 2016Q1. The ratio dived, as 14 funds sold all Neogen Corporation shares owned while 64 reduced positions. 15 funds bought stakes while 59 increased positions. They now own 32.41 million shares or 0.83% less from 32.68 million shares in 2016Q1.
Guggenheim Cap Ltd Liability, a Illinois-based fund reported 28,112 shares. Moreover, Aureus Asset Mngmt Limited Liability Company has 0.11% invested in Neogen Corporation (NASDAQ:NEOG) for 15,737 shares. Gemmer Asset Management Limited Liability Co has 54 shares for 0% of their US portfolio. Bamco holds 0.13% of its portfolio in Neogen Corporation (NASDAQ:NEOG) for 444,596 shares. Wells Fargo Mn holds 241,197 shares or 0.01% of its portfolio. Bluecrest Cap holds 4,247 shares or 0.01% of its portfolio. Price T Rowe Associates Md has invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). New York State Common Retirement Fund owns 840,447 shares or 0.07% of their US portfolio. Blackrock Institutional Trust Na has 912,340 shares for 0.01% of their US portfolio. The New York-based Neuberger Berman Group Ltd Liability has invested 0.04% in Neogen Corporation (NASDAQ:NEOG). Tci Wealth Advisors accumulated 21 shares or 0% of the stock. Thrivent For Lutherans accumulated 0.01% or 27,775 shares. Strs Ohio last reported 0.03% of its portfolio in the stock. 1St Advsr Inc reported 24,396 shares or 0.19% of all its holdings. Ladenburg Thalmann Fincl Services Incorporated has invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG).
Insider Transactions: Since July 29, 2016, the stock had 0 insider purchases, and 15 selling transactions for $8.78 million net activity. On Thursday, August 4 HERBERT JAMES L sold $462,701 worth of the stock or 8,393 shares. $519,706 worth of shares were sold by MORRICAL TERRI A on Wednesday, September 28. The insider Quinlan Steven J. sold 3,000 shares worth $165,448. 5,000 shares with value of $284,347 were sold by PARNELL JACK C on Wednesday, August 10. $1.12M worth of shares were sold by BRADLEY EDWARD on Friday, July 29. Another trade for 5,425 shares valued at $311,764 was made by CALK RICHARD E JR on Wednesday, August 24. Another trade for 4,500 shares valued at $265,500 was made by YEUTTER CLAYTON K on Thursday, November 10.
The stock increased 1.50% or $0.93 during the last trading session, hitting $62.95. About 143,105 shares traded hands or 8.11% up from the average. Neogen Corporation (NASDAQ:NEOG) has risen 29.86% since April 21, 2016 and is uptrending. It has outperformed by 24.53% the S&P500.
Neogen Corporation develops, manufactures and markets a range of services and products dedicated to food and animal safety. The company has a market cap of $2.38 billion. The Firm operates through two divisions: Food Safety and Animal Safety. It has a 64.41 P/E ratio. 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.
According to Zacks Investment Research, “Neogen Corporation develops, manufactures, and markets a diverse line of products dedicated to food and animal safety. The company’s food safety segment consists primarily of diagnostic test kits and related products, including dehydrated culture media, marketed to food producers and processors to aid in the detection of foodborne bacteria, natural toxins, food allergens, drug residues, pesticide residues, plant disease infections and levels of general sanitation.”
Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on December, 19. They expect $0.28 earnings per share, up 16.67% or $0.04 from last year’s $0.24 per share. NEOG’s profit will be $10.59 million for 56.21 P/E if the $0.28 EPS becomes a reality. After $0.26 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.
More recent Neogen Corporation (NASDAQ:NEOG) news were published by: Prnewswire.com which released: “Neogen selected by Scottish Gov’t for beef herd improvement program” on October 27, 2016. Also Seekingalpha.com published the news titled: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q4 2016 Results – Earnings Call ..” on July 19, 2016. Economictimes.Indiatimes.com‘s news article titled: “US-based Neogen Corporation acquires Sterling test house” with publication date: June 02, 2015 was also an interesting one.
Neogen Corporation, incorporated on June 30, 1981, develops, makes and markets a range of services and products dedicated to food and animal safety. The Firm operates through two divisions: 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. The Animal Safety segment is primarily engaged in the production and marketing of products dedicated to animal health, including a range of consumable products marketed to veterinarians and animal health product distributors. The Animal Safety segment also provides genetic identification services. Additionally, the Animal Safety segment produces and markets rodenticides, disinfectants and insecticides to assist in the control of rodents and disease in and around agricultural, food production and other facilities. The Firm is involved in environmental remediation and monitoring activities at its Randolph, Wisconsin manufacturing facility.
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By Vivian Park