Neumeier Poma Investment Counsel buys $21,643,335 stake in Neenah Paper (NP)

Neenah Paper (NP) : Neumeier Poma Investment Counsel scooped up 60,150 additional shares in Neenah Paper during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 291,375 shares of Neenah Paper which is valued at $21,643,335.Neenah Paper makes up approximately 3.25% of Neumeier Poma Investment Counsel’s portfolio.

Other Hedge Funds, Including , Tfs Capital reduced its stake in NP by selling 1,664 shares or 35.44% in the most recent quarter. The Hedge Fund company now holds 3,031 shares of NP which is valued at $225,143. Neenah Paper makes up approx 0.04% of Tfs Capital’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in NP in the latest quarter, The investment management firm added 9,615 additional shares and now holds a total of 92,733 shares of Neenah Paper which is valued at $7,086,656. Neenah Paper makes up approx 0.06% of Bnp Paribas Investment Partners S.a.’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.

Neenah Paper opened for trading at $76 and hit $77.23 on the upside on Tuesday, eventually ending the session at $76.86, with a gain of 1.45% or 1.1 points. The heightened volatility saw the trading volume jump to 78,931 shares. Company has a market cap of $1,290 M.

On the company’s financial health, Neenah Paper reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.14. The company had revenue of $246.00 million for the quarter, compared to analysts expectations of $250.55 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Neenah Paper.

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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