A Director at Neogen Corp is Exercising Options

By Carrie Williams

Today, a Director at Neogen Corp, Bruce Papesh, exercised options of Neogen Corp for $50.13K. The options were close to expired and Bruce Papesh retained stocks.

Following this transaction Bruce Papesh’s holding in the company was increased by 22.85% to a total of $1.54 million. Following Bruce Papesh’s last NEOG Buy transaction on July 31, 2017, the stock climbed by 12.4%.

Based on Neogen Corp’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $95.26 million and quarterly net profit of $11.91 million. In comparison, last year the company earned revenue of $83.65 million and had a net profit of $9.88 million. The company has a one-year high of $79.99 and a one-year low of $50.53. NEOG’s market cap is $2.99B and the company has a P/E ratio of 65.70.

Starting in March 2016, NEOG received 6 Buy ratings in a row.

In the last 30 days, insiders have sold $8.73M worth of NEOG shares and purchased $50.13K worth of NEOG shares. The insider sentiment on Neogen Corp has been negative according to 43 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Neogen Corp. develops, manufactures and markets products dedicated to food and animal safety. It operates through two segments: Food Safety and Animal Safety.