Wyloo Consolidated Investments Pty Ltd. Sells 75,000 Shares of Neo Performance Materials (TSE:NEO) Stock

Neo Performance Materials Inc. (TSE:NEO) insider Wyloo Consolidated Investments Pty Ltd. sold 75,000 shares of Neo Performance Materials stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$18.25, for a total transaction of C$1,368,750.00. Following the transaction, the insider directly owned 8,275,311 shares of the company’s stock, valued at C$151,024,425.75. The trade was a 0.90% decrease in their ownership of the stock.

Wyloo Consolidated Investments Pty Ltd. also recently made the following trade(s):

• On Thursday, October 9th, Wyloo Consolidated Investments Pty Ltd. sold 8,275,311 shares of Neo Performance Materials stock. The stock was sold at an average price of C$20.00, for a total transaction of C$165,506,220.00.

Neo Performance Materials Stock Down 12.4%

TSE NEO opened at C$20.40 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. The company has a fifty day moving average of C$18.15 and a two-hundred day moving average of C$14.07. The firm has a market capitalization of C$848.62 million, a price-to-earnings ratio of -81.60 and a beta of 0.88. Neo Performance Materials Inc. has a 52 week low of C$7.18 and a 52 week high of C$23.33.

Neo Performance Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Neo Performance Materials’s payout ratio is currently -114.66%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEO. Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$22.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Cormark raised shares of Neo Performance Materials to a “moderate buy” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Neo Performance Materials has an average rating of “Buy” and a consensus price target of C$25.00.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.