Neenah, Inc. (NYSE:NP) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its holdings in shares of Neenah, Inc. (NYSE:NP) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,865 shares of the basic materials company’s stock after purchasing an additional 10,088 shares during the quarter. Confluence Investment Management LLC’s holdings in Neenah were worth $4,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Lazard Asset Management LLC grew its holdings in shares of Neenah by 86,022.9% during the 4th quarter. Lazard Asset Management LLC now owns 424,586 shares of the basic materials company’s stock worth $23,488,000 after purchasing an additional 424,093 shares during the period. Schroder Investment Management Group purchased a new position in Neenah in the fourth quarter valued at about $15,779,000. Norges Bank bought a new stake in shares of Neenah in the fourth quarter worth $11,875,000. Russell Investments Group Ltd. raised its stake in shares of Neenah by 1,098.1% in the 4th quarter. Russell Investments Group Ltd. now owns 140,328 shares of the basic materials company’s stock valued at $7,762,000 after purchasing an additional 128,615 shares in the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Neenah by 79.2% during the fourth quarter. Peregrine Capital Management LLC now owns 262,172 shares of the basic materials company’s stock valued at $14,503,000 after buying an additional 115,834 shares in the last quarter. Institutional investors own 89.58% of the company’s stock.

NYSE NP traded up $0.58 during trading on Thursday, reaching $52.87. 300 shares of the company’s stock were exchanged, compared to its average volume of 91,182. The firm has a market capitalization of $890.17 million, a PE ratio of -83.37 and a beta of 1.50. The company has a current ratio of 2.29, a quick ratio of 1.35 and a debt-to-equity ratio of 0.52. The company’s fifty day simple moving average is $55.27 and its 200-day simple moving average is $49.98. Neenah, Inc. has a fifty-two week low of $36.04 and a fifty-two week high of $61.49.

Neenah (NYSE:NP) last posted its earnings results on Wednesday, February 17th. The basic materials company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.37. Neenah had a positive return on equity of 10.85% and a negative net margin of 1.28%. The company had revenue of $206.90 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 2nd. Stockholders of record on Friday, February 12th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.56%. Neenah’s dividend payout ratio (DPR) is presently 54.18%.

Separately, Sidoti lowered shares of Neenah from a “buy” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Tuesday, December 15th.

About Neenah

Neenah, Inc engages in the provision of performance-based papers and specialty product. It operates through the following two segments: Technical Products and Fine Paper & Packaging. The Technical Products segment comprises transportation, water and other filter media and durable, saturated and coated substrates for a variety of end markets.

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Institutional Ownership by Quarter for Neenah (NYSE:NP)

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