Lori Briggs Sells 10,446 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 10,446 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total value of $152,302.68. Following the transaction, the vice president directly owned 255,490 shares in the company, valued at $3,725,044.20. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NPK International Price Performance

NPKI opened at $14.65 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. NPK International Inc. has a 52-week low of $8.15 and a 52-week high of $16.50. The stock has a market capitalization of $1.24 billion, a PE ratio of 31.84 and a beta of 1.24. The stock’s 50 day moving average price is $15.00 and its 200-day moving average price is $13.87.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. NPK International had a return on equity of 10.56% and a net margin of 13.71%.The company had revenue of $75.07 million for the quarter. On average, equities research analysts predict that NPK International Inc. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On NPK International

Hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL boosted its holdings in NPK International by 985.9% in the third quarter. Tudor Investment Corp ET AL now owns 506,585 shares of the company’s stock worth $5,729,000 after acquiring an additional 459,935 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in NPK International by 200.5% in the third quarter. JPMorgan Chase & Co. now owns 223,464 shares of the company’s stock worth $2,527,000 after acquiring an additional 149,088 shares in the last quarter. GSA Capital Partners LLP bought a new stake in NPK International in the fourth quarter worth $1,369,000. American Century Companies Inc. boosted its holdings in NPK International by 13.1% in the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock worth $33,603,000 after acquiring an additional 344,658 shares in the last quarter. Finally, Round Rock Advisors LLC boosted its holdings in NPK International by 85.9% in the fourth quarter. Round Rock Advisors LLC now owns 92,114 shares of the company’s stock worth $1,098,000 after acquiring an additional 42,564 shares in the last quarter. 80.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

About NPK International

NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.

The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.