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

Neo Performance Materials Inc. (TSE:NEO) insider Wyloo Consolidated Investments Pty Ltd. sold 75,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$18.25, for a total value of C$1,368,750.00. Following the transaction, the insider 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 value of C$165,506,220.00.

Neo Performance Materials Price Performance

TSE NEO opened at C$20.40 on Friday. Neo Performance Materials Inc. has a one year low of C$7.18 and a one year high of C$23.33. The stock has a 50-day moving average of C$18.15 and a 200 day moving average of C$14.03. The company has a market capitalization of C$848.62 million, a price-to-earnings ratio of -81.60 and a beta of 0.88. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59.

Neo Performance Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, September 16th. Neo Performance Materials’s dividend payout ratio (DPR) is presently -114.66%.

Wall Street Analysts Forecast Growth

NEO has been the topic of several research reports. Cormark raised Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Stifel Nicolaus raised their target price on Neo Performance Materials from C$22.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Neo Performance Materials currently has an average rating of “Buy” and a consensus price target of C$25.00.

About Neo Performance Materials

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.