Insider Selling: Neogen Co. (NASDAQ:NEOG) Director Sells 5,000 Shares of Stock

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Neogen Co. (NASDAQ:NEOG) Director James L. Herbert sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the director now owns 626,484 shares in the company, valued at $40,721,460. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NEOG stock opened at $63.97 on Friday. Neogen Co. has a fifty-two week low of $50.60 and a fifty-two week high of $97.38. The business has a 50-day moving average price of $60.75. The firm has a market cap of $3.37 billion, a PE ratio of 52.87, a PEG ratio of 5.32 and a beta of 1.34.

A number of research analysts have recently issued reports on NEOG shares. BidaskClub downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $95.00 price objective (up previously from $90.00) on shares of VF in a report on Thursday, May 23rd. Finally, Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.38.

Hedge funds have recently added to or reduced their stakes in the stock. Brand Asset Management Group Inc. acquired a new stake in shares of Neogen in the 1st quarter worth about $39,000. Manchester Capital Management LLC increased its holdings in shares of Neogen by 105.6% in 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 during the period. Buffington Mohr McNeal acquired a new stake in shares of Neogen in the 1st quarter worth about $43,000. Captrust Financial Advisors increased its holdings in shares of Neogen by 47.0% in the 4th quarter. Captrust Financial Advisors now owns 970 shares of the company’s stock worth $55,000 after acquiring an additional 310 shares during the period. Finally, First Hawaiian Bank increased its holdings in shares of Neogen by 116.6% in the 1st quarter. First Hawaiian Bank now owns 1,005 shares of the company’s stock worth $58,000 after acquiring an additional 541 shares during the period. 90.09% of the stock is currently owned by institutional investors and hedge funds.

Neogen Company Profile

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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