Cannell Capital LLC Has $16.45 Million Stock Position in NPK International Inc. $NPKI

Cannell Capital LLC trimmed its stake in shares of NPK International Inc. (NYSE:NPKI) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,454,204 shares of the company’s stock after selling 63,686 shares during the quarter. NPK International comprises 2.5% of Cannell Capital LLC’s holdings, making the stock its 6th biggest position. Cannell Capital LLC owned about 1.72% of NPK International worth $16,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in NPK International during the 3rd quarter valued at $28,000. Wealth Enhancement Advisory Services LLC acquired a new position in NPK International in the third quarter worth approximately $33,000. EverSource Wealth Advisors LLC bought a new position in shares of NPK International in the second quarter valued at $26,000. State of Alaska Department of Revenue acquired a new stake in shares of NPK International during the 3rd quarter valued at $52,000. Finally, Federated Hermes Inc. acquired a new stake in shares of NPK International during the 2nd quarter valued at $39,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

NPK International Stock Performance

Shares of NPKI opened at $13.36 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of 29.68 and a beta of 1.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43. The company’s 50 day moving average price is $13.83 and its 200 day moving average price is $12.52. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.96.

NPK International (NYSE:NPKI) last issued its earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. NPK International had a return on equity of 10.83% and a net margin of 14.06%.The company had revenue of $75.20 million for the quarter, compared to analyst estimates of $69.02 million. Research analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NPKI. Wall Street Zen cut NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NPK International has a consensus rating of “Moderate Buy” and an average target price of $14.17.

Insider Buying and Selling

In other news, CFO Gregg Piontek sold 108,590 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $14.07, for a total transaction of $1,527,861.30. Following the transaction, the chief financial officer owned 884,326 shares in the company, valued at $12,442,466.82. This represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Lewis sold 2,013 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total transaction of $28,806.03. Following the transaction, the director owned 131,333 shares in the company, valued at $1,879,375.23. This represents a 1.51% decrease in their position. The SEC filing for this sale provides additional information. 4.90% of the stock is owned by insiders.

NPK International Company Profile

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.