Edward Bradley Sells 5,000 Shares of Neogen Corporation (NEOG) Stock

Neogen Corporation (NASDAQ:NEOG) VP Edward Bradley sold 5,000 shares of Neogen Corporation stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $61.33, for a total value of $306,650.00. Following the transaction, the vice president now directly owns 96,512 shares in the company, valued at approximately $5,919,080.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, April 6th, Edward Bradley sold 21,018 shares of Neogen Corporation stock. The shares were sold at an average price of $61.54, for a total value of $1,293,447.72.

Neogen Corporation (NEOG) traded up 0.34% on Friday, hitting $68.13. The stock had a trading volume of 193,885 shares. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 63.08 and a beta of 1.61. Neogen Corporation has a 12-month low of $50.35 and a 12-month high of $69.09. The company’s 50 day moving average price is $63.63 and its 200-day moving average price is $64.35.

Neogen Corporation (NASDAQ:NEOG) last posted its earnings results on Tuesday, March 21st. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Neogen Corporation had a return on equity of 9.64% and a net margin of 11.67%. The firm had revenue of $88.40 million for the quarter, compared to analysts’ expectations of $89.41 million. During the same period last year, the firm earned $0.22 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Equities research analysts anticipate that Neogen Corporation will post $1.14 EPS for the current year.

Insider Buying and Selling by Quarter for Neogen Corporation (NASDAQ:NEOG)

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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Neogen Corporation by 149,314.6% in the first quarter. BlackRock Inc. now owns 4,466,002 shares of the company’s stock valued at $292,745,000 after buying an additional 4,463,013 shares in the last quarter. Norges Bank acquired a new stake in Neogen Corporation during the fourth quarter valued at approximately $44,409,000. Brown Capital Management LLC boosted its stake in Neogen Corporation by 5.8% in the fourth quarter. Brown Capital Management LLC now owns 5,368,547 shares of the company’s stock valued at $354,324,000 after buying an additional 293,241 shares in the last quarter. Vanguard Group Inc. boosted its stake in Neogen Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,257,469 shares of the company’s stock valued at $213,527,000 after buying an additional 176,056 shares in the last quarter. Finally, Cortina Asset Management LLC boosted its stake in Neogen Corporation by 168.9% in the first quarter. Cortina Asset Management LLC now owns 280,079 shares of the company’s stock valued at $18,359,000 after buying an additional 175,904 shares in the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.

A number of research firms have recently issued reports on NEOG. BidaskClub raised Neogen Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised Neogen Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd.

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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