Neogen Corporation (NEOG) VP Sells $1,431,623.68 in Stock

Neogen Corporation (NASDAQ:NEOG) VP Edward Bradley sold 17,824 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $80.32, for a total transaction of $1,431,623.68. Following the transaction, the vice president now directly owns 27,212 shares of the company’s stock, valued at approximately $2,185,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, October 9th, Edward Bradley sold 20,000 shares of Neogen Corporation stock. The shares were sold at an average price of $78.60, for a total transaction of $1,572,000.00.
  • On Wednesday, October 4th, Edward Bradley sold 5,401 shares of Neogen Corporation stock. The shares were sold at an average price of $78.60, for a total transaction of $424,518.60.
  • On Thursday, September 28th, Edward Bradley sold 20,000 shares of Neogen Corporation stock. The shares were sold at an average price of $76.79, for a total transaction of $1,535,800.00.
  • On Wednesday, September 20th, Edward Bradley sold 38,876 shares of Neogen Corporation stock. The shares were sold at an average price of $71.28, for a total transaction of $2,771,081.28.
  • On Monday, September 11th, Edward Bradley sold 13,628 shares of Neogen Corporation stock. The shares were sold at an average price of $70.06, for a total transaction of $954,777.68.
  • On Wednesday, September 6th, Edward Bradley sold 6,372 shares of Neogen Corporation stock. The shares were sold at an average price of $70.05, for a total transaction of $446,358.60.

Neogen Corporation (NASDAQ:NEOG) traded up $1.33 during mid-day trading on Monday, hitting $81.71. 74,903 shares of the stock traded hands, compared to its average volume of 111,559. Neogen Corporation has a 12-month low of $59.51 and a 12-month high of $82.75. The company has a market capitalization of $3,070.67, a P/E ratio of 67.55, a P/E/G ratio of 4.09 and a beta of 1.53.

Neogen Corporation (NASDAQ:NEOG) last announced its earnings results on Tuesday, September 19th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Neogen Corporation had a net margin of 12.28% and a return on equity of 9.93%. The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $94.87 million. During the same quarter last year, the firm earned $0.26 earnings per share. Neogen Corporation’s quarterly revenue was up 14.0% on a year-over-year basis. equities research analysts anticipate that Neogen Corporation will post 1.31 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in NEOG. Conestoga Capital Advisors LLC raised its stake in Neogen Corporation by 20.2% during the third quarter. Conestoga Capital Advisors LLC now owns 958,784 shares of the company’s stock worth $74,267,000 after buying an additional 161,170 shares during the last quarter. Wasatch Advisors Inc. bought a new position in Neogen Corporation during the third quarter worth $11,016,000. Citadel Advisors LLC raised its stake in Neogen Corporation by 338.6% during the third quarter. Citadel Advisors LLC now owns 143,553 shares of the company’s stock worth $11,120,000 after buying an additional 110,821 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Neogen Corporation by 32.5% during the second quarter. Ameriprise Financial Inc. now owns 372,276 shares of the company’s stock worth $25,728,000 after buying an additional 91,390 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Neogen Corporation by 71.0% during the second quarter. Goldman Sachs Group Inc. now owns 194,552 shares of the company’s stock worth $13,445,000 after buying an additional 80,775 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on NEOG. BidaskClub downgraded shares of Neogen Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded shares of Neogen Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

Neogen Corporation Company Profile

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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