Neenah Paper (NP) : Copper Rock Capital Partners reduced its stake in Neenah Paper by 0.41% during the most recent quarter end. The investment management company now holds a total of 388,800 shares of Neenah Paper which is valued at $24.2 Million after selling 1,593 shares in Neenah Paper according to a report filed by the company on Apr 5, 2016 with the SEC.Neenah Paper makes up approximately 2.12% of Copper Rock Capital Partners’s portfolio.
On the company’s financial health, Neenah Paper reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 4, 2015. Analyst had a consensus of $0.80. The company had revenue of $231.60 million for the quarter, compared to analysts expectations of $248.53 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Neenah Paper. DA Davidson Upgraded Neenah Paper on Jan 12, 2016 to ” Buy”, Price Target of the shares are set at $70.
Neenah Paper closed down -0.03 points or -0.05% at $62.26 with 47,755 shares getting traded on Monday. Post opening the session at $61.9, the shares hit an intraday low of $61.9 and an intraday high of $63.11 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Neenah Paper Inc. (Neenah) has two primary businesses: technical products business and fine paper and packaging business. The Companys technical products business is engaged in the production of filter media for transportation water and other markets and saturated and coated substrates for industrial products backings and a variety of other end markets. The technical products brands include JET-PRO SofStretch KIMDURA MUNISING LP PREVAIL NEENAH GESSNER and varieties. The Companys fine paper and packaging business supplies printing packaging and other specialty papers in North America. The fine paper and packaging brands include CLASSIC ENVIRONMENT CAPITOL BOND ROYAL SUNDANCE SOUTHWORTH CLASSIC CREST ESSE ASTROBRIGHTS and EXACT BRIGHTS. In addition the Company also operates other segment which includes the Index Tag and Vellum Bristol product lines.