Acadian Asset Management LLC Sells 5,472 Shares of Neogen Co. (NASDAQ:NEOG)

Acadian Asset Management LLC is a financial services company that provides investment management and advisory services to institutional clients. The company has recently sold 5,472 shares of Neogen Co., a leading provider of advanced non-destructive testing (NDT) solutions for the oil and gas industry.

Neogen Co. is headquartered in Lincolnshire, Illinois, and operates in two segments: NDT and Power Generation. The NDT segment provides a range of NDT services, including ultrasonic testing, phased array ultrasonic testing (PAUT), and magnetic particle inspection (MPI). The Power Generation segment designs, manufactures, and sells power generation equipment, including gas turbines and generators.

The sale of shares by Acadian Asset Management LLC may indicate that the company is no longer interested in holding a significant stake in Neogen Co. or that it has decided to divest its position for other reasons. It is important to note that this information alone does not necessarily reflect the underlying reasons behind the sale, and further investigation would be required to determine the motivations behind the transaction.