Neogen Co. (NASDAQ:NEOG) Director Sells $314,650.00 in Stock

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Neogen Co. (NASDAQ:NEOG) Director James L. Herbert sold 5,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $62.93, for a total value of $314,650.00. Following the completion of the transaction, the director now directly owns 626,484 shares in the company, valued at $39,424,638.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NEOG opened at $63.97 on Friday. The stock’s 50-day moving average is $60.75. The firm has a market cap of $3.37 billion, a P/E ratio of 52.87, a P/E/G ratio of 5.32 and a beta of 1.34. Neogen Co. has a fifty-two week low of $50.60 and a fifty-two week high of $97.38.

A number of institutional investors and hedge funds have recently made changes to their positions in NEOG. Manchester Capital Management LLC boosted its stake in shares of Neogen by 105.6% during the 1st quarter. Manchester Capital Management LLC now owns 590 shares of the company’s stock worth $34,000 after acquiring an additional 303 shares in the last quarter. Brand Asset Management Group Inc. purchased a new stake in shares of Neogen during the 1st quarter worth about $39,000. Ellis Investment Partners LLC purchased a new stake in shares of Neogen during the 1st quarter worth about $40,000. Buffington Mohr McNeal purchased a new stake in shares of Neogen during the 1st quarter worth about $43,000. Finally, Captrust Financial Advisors boosted its stake in shares of Neogen by 47.0% during the 4th quarter. Captrust Financial Advisors now owns 970 shares of the company’s stock worth $55,000 after acquiring an additional 310 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on NEOG shares. Zacks Investment Research downgraded Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Guggenheim reaffirmed a “buy” rating and set a $95.00 price target (up from $90.00) on shares of VF in a research report on Thursday, May 23rd. Finally, BidaskClub downgraded Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $65.38.

About Neogen

Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.

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

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