Copper Rock Capital Partners buys $29,895,250 stake in Neenah Paper (NP)

Neenah Paper (NP) : Copper Rock Capital Partners scooped up 6,274 additional shares in Neenah Paper during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 395,074 shares of Neenah Paper which is valued at $29,895,250.Neenah Paper makes up approximately 2.18% of Copper Rock Capital Partners’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in NP by selling 5,200 shares or 15.66% in the most recent quarter. The Hedge Fund company now holds 28,000 shares of NP which is valued at $2,118,760. Neenah Paper makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.Naples Global Advisors reduced its stake in NP by selling 400 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 4,170 shares of NP which is valued at $313,000. Neenah Paper makes up approx 0.13% of Naples Global Advisors’s portfolio.Creative Planning boosted its stake in NP in the latest quarter, The investment management firm added 29 additional shares and now holds a total of 1,689 shares of Neenah Paper which is valued at $126,776.Cutler Group Lp reduced its stake in NP by selling 167 shares or 6.8% in the most recent quarter. The Hedge Fund company now holds 2,288 shares of NP which is valued at $171,737. Neenah Paper makes up approx 0.01% of Cutler Group Lp’s portfolio.

Neenah Paper opened for trading at $75.5 and hit $76.03 on the upside on Wednesday, eventually ending the session at $75.67, with a gain of 0.20% or 0.15 points. The heightened volatility saw the trading volume jump to 85,840 shares. Company has a market cap of $1,266 M.

On the company’s financial health, Neenah Paper reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 11, 2016. Analyst had a consensus of $1.08. The company had revenue of $242.10 million for the quarter, compared to analysts expectations of $244.90 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Neenah Paper Inc. (Neenah) has two primary businesses: technical products business and fine paper and packaging business. The Company’s 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 Company’s 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.

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