Here is a rundown on some insider market activity for Neogen Corporation (NASDAQ:NEOG). James L. Herbert, Executive Chairman disclosed the sale of 10,000 shares of NEOG stock. The shares were sold on September 29th for an average price of $77.06. Herbert now owns $66,981,477 of the stock per the Form 4 SEC filing. Edward Bradley, VP reported the sale of 20,000 shares. The shares were purchased at an average price of $78.60. The VP now owns $1,690,843 of the stock according to the SEC filing.
Steven J. Quinlan, VP sold $321,040 worth of shares at an average price of $80.26 on Tue the 31st. That brings Quinlan’s holdings to $810,867 as reported to the SEC.
Neogen Corporation, launched on June 30, 1981, 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. 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 Company is involved in environmental remediation and monitoring activities at its Randolph, Wisconsin manufacturing facility..
The following firms have recently changed their position in NEOG. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had acquired a total of 8,244 shares growing its position 41.9%. The value in dollars went from $1,361,000 to $2,164,000 increasing 59.0% quarter to quarter. As of quarter end Liberty Capital Management, Inc. had bought 1,188 shares growing its stake by 3.3%. The value of the investment in Neogen Corporation increased from $2,431,000 to $2,960,000 a change of $529,000 for the reporting period.
Simplex Trading, LLC trimmed its holdings by shedding 10 shares a decrease of 8.3%. Simplex Trading, LLC now holds 110 shares worth $8,000. The total value of its holdings decreased 0.0%. Tokio Marine Asset Management CO Ltd bolstered its ownership by buying 2,500 shares an increase of 41.0% as of 09/30/2017. Tokio Marine Asset Management CO Ltd currently owns 8,600 shares with a value of $666,000. The value of the position overall is up by 57.8%.
On July 14, 2017 CL King issued its first research report on the stock with a rating of “Neutral”.
The company is up from yesterday’s close of $80.20. Shares of the company are trading at $80.20 barely above $76.84, the stock’s 50 day moving average and significantly above the 200 day moving average of $68.52. The 50 day moving average went up $3.36 or +4.37% whereas the 200 day average was up by +17.05%.
The company currently has a P/E ratio of 67.39 and the market cap is 3.07B. As of the latest earnings report the EPS was $1.19 and is expected to be $1.32 for the current year with 38,233,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.30 with next year’s EPS anticipated to be $1.47.
Traders are a little more bearish on the company recently looking at the rise in short interest. The firm experienced a rise in short interest of 0.84% as of the latest report on October 13, 2017. Short interest increased from 1,141,962 to 1,151,544 over that timeframe. Days to cover decreased from 7.0 to 7.0 and the short interest percentage is 0.03% as of October 13.