Signaturefd LLC Makes New $123,000 Investment in Neogen Co. (NASDAQ:NEOG)

Signaturefd LLC bought a new position in Neogen Co. (NASDAQ:NEOG – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,624 shares of the company’s stock, valued at approximately $123,000.

Several other large investors have also bought and sold shares of the company. AdvisorNet Financial Inc purchased a new position in shares of Neogen during the first quarter valued at approximately $25,000. Simmons Bank purchased a new position in shares of Neogen during the first quarter valued at approximately $333,000. SG Americas Securities LLC purchased a new position in shares of Neogen during the first quarter valued at approximately $1,932,000. State of Michigan Retirement System purchased a new position in shares of Neogen during the first quarter valued at approximately $1,012,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Neogen during the first quarter valued at approximately $1,814,000. 93.35% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler decreased their price objective on shares of Neogen from $20.00 to $19.00 in a report on Tuesday, April 11th. Wells Fargo & Company began coverage on shares of Neogen in a research report on Friday, June 16th. They set an “overweight” rating and a $22.00 target price for the company. Finally, StockNews.com began coverage on shares of Neogen in a research report on Thursday, May 18th. They set a “sell” rating for the company.

Neogen Stock Performance

NEOG opened at $22.07 on Tuesday. The firm has a market cap of $4.77 billion, a P/E ratio of 551.89 and a beta of 1.05. Neogen Co. has a 1-year low of $10.49 and a 1-year high of $23.59. The company has a 50 day simple moving average of $20.01 and a two-hundred day simple moving average of $18.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.18 and a quick ratio of 3.84.

Neogen Profile

(Free Report)

Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test to detect the presence of adenosine triphosphate, a chemical found in living cells.

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