Trading was heavy with 126K shares changing hands by the end of trading on Tuesday. Overall, volume was up 116.89% over the stocks normal daily volume.
Traders are more bullish on Neenah Paper recently looking at the downtick in short interest. The company had a fall in short interest of -13.35% as of October 13, 2017 from the last reporting period. Short interest fell 27,799 over that period. With short interest at 180,384 and short average daily volume at 66,475, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.01% on October 13.
Neenah Paper (NYSE:NP) has been the object of insider selling activity recently. Matthew L. Duncan, SVP, Chief HR Officer sold $25,502 worth of shares at an average price of $82.00 on Wed the 20th. Duncan now owns $135,464 of stock as reported to the SEC. SVP, Chief HR Officer Matthew L. Duncan let go of 1,107 shares at an average price of $79.00 on September 8th. That brings the SVP, Chief HR Officer’s holdings to $0 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (NP). California State Teachers Retirement System downsized its position by selling 2,808 shares a decrease of 9.5% as of 09/30/2017. California State Teachers Retirement System currently owns 26,662 shares valued at $2,281,000. The value of the position overall is down by 3.6%. Neumeier Poma Investment Counsel LLC augmented its ownership by buying 26,175 shares an increase of 7.6%. Neumeier Poma Investment Counsel LLC claims 372,100 shares worth $31,833,000. The total value of its holdings increased 14.7%.
Dimensional Fund Advisors Lp bolstered its investment by buying 7,164 shares an increase of 1.0% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp now holds 714,174 shares with a value of $61,098,000. The value of the position overall is up by 7.7%. First Mercantile Trust Co grew its holdings by buying 30 shares an increase of 1.6% in the quarter. First Mercantile Trust Co now controls 1,940 shares with a value of $166,000. The total value of its holdings increased 8.5%.
On November 9, 2017 DA Davidson maintained a “Neutral” rating on the company.
The company is so far trading down by 0.12% percent from yesterday’s close. The most current P/E ratio is 18.91 and the market value is 1.45B. As of the last earnings report the EPS was $4.55 with 16.82M shares presently outstanding.
Neenah Paper, Inc., launched on April 22, 2004, 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. The Business’s 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 for a range of end markets. The fine paper and packaging business is a supplier of printing and other specialty papers in North America. Its technical products manufacturing facilities are located near Munich, Germany, in Bolton, England, in Munising, Michigan and in Pittsfield, Massachusetts. In addition, certain technical products are manufactured along with fine paper and packaging products in shared facilities located in upstate New York and Quakertown, Pennsylvania..