Neogen Co. (NASDAQ:NEOG) Director James C. Borel Purchases 7,500 Shares of Stock

Neogen Co. (NASDAQ:NEOGGet Free Report) Director James C. Borel purchased 7,500 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $97,950.00. Following the purchase, the director now owns 21,392 shares of the company’s stock, valued at approximately $279,379.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Neogen Stock Performance

Shares of NEOG stock opened at $13.00 on Friday. The company’s fifty day simple moving average is $15.88 and its 200-day simple moving average is $16.77. The company has a quick ratio of 2.63, a current ratio of 3.82 and a debt-to-equity ratio of 0.28. The firm has a market cap of $2.82 billion, a PE ratio of 1,301.30 and a beta of 1.13. Neogen Co. has a 12 month low of $12.18 and a 12 month high of $24.09.

Neogen (NASDAQ:NEOGGet Free Report) last released its quarterly earnings data on Tuesday, April 9th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Neogen had a net margin of 0.17% and a return on equity of 3.35%. The company had revenue of $228.80 million during the quarter, compared to analyst estimates of $230.01 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Neogen’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts expect that Neogen Co. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Neogen

Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Neogen in the first quarter valued at about $29,000. O Dell Group LLC acquired a new position in shares of Neogen in the fourth quarter valued at about $37,000. Point72 Hong Kong Ltd acquired a new position in shares of Neogen in the first quarter valued at about $71,000. State of Tennessee Treasury Department acquired a new position in shares of Neogen in the first quarter valued at about $45,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Neogen in the third quarter valued at about $49,000. 96.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price target on shares of Neogen from $17.50 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th.

Read Our Latest Stock Report on NEOG

About Neogen

(Get Free Report)

Neogen Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of various products and services dedicated to food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including 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 to detect the presence of adenosine triphosphate, a chemical found in living cells, as well as provides genomics-based diagnostic technology and software systems that help testers to objectively analyze and store their results and perform analysis on the results from multiple locations over extended periods.

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