Renaissance Technologies LLC Has $5.25 Million Stock Position in NPK International Inc. $NPKI

Renaissance Technologies LLC lowered its stake in NPK International Inc. (NYSE:NPKI) by 30.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 362,167 shares of the company’s stock after selling 157,141 shares during the period. Renaissance Technologies LLC’s holdings in NPK International were worth $5,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in NPK International by 46.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after buying an additional 486,846 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of NPK International in the 4th quarter valued at approximately $1,369,000. Tudor Investment Corp ET AL raised its position in shares of NPK International by 985.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 506,585 shares of the company’s stock valued at $5,729,000 after buying an additional 459,935 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of NPK International by 121.6% during the 1st quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock worth $12,130,000 after acquiring an additional 459,328 shares during the period. Finally, Granahan Investment Management LLC lifted its holdings in shares of NPK International by 16.1% during the 4th quarter. Granahan Investment Management LLC now owns 580,447 shares of the company’s stock worth $6,919,000 after acquiring an additional 80,507 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew Lanigan sold 167,375 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the completion of the transaction, the chief executive officer owned 254,699 shares of the company’s stock, valued at approximately $3,675,306.57. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction on Friday, May 15th. The stock was sold at an average price of $15.30, for a total transaction of $30,798.90. Following the transaction, the director owned 129,320 shares in the company, valued at approximately $1,978,596. This trade represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 188,159 shares of company stock worth $2,721,117 in the last ninety days. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NPKI. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Price Performance

NPK International stock opened at $13.58 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.15 billion, a PE ratio of 27.15 and a beta of 1.26. NPK International Inc. has a 12 month low of $8.84 and a 12 month high of $16.50. The stock has a 50-day moving average price of $14.47 and a two-hundred day moving average price of $14.51.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. NPK International had a return on equity of 11.31% and a net margin of 14.19%.The company had revenue of $81.58 million for the quarter. Analysts expect that NPK International Inc. will post 0.55 EPS for the current year.

NPK International 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.