Rose Robeson Sells 10,000 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Rose Robeson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $13.49, for a total value of $134,900.00. Following the completion of the transaction, the director owned 215,147 shares of the company’s stock, valued at approximately $2,902,333.03. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Down 0.4%

Shares of NPK International stock opened at $13.23 on Wednesday. NPK International Inc. has a 12-month low of $10.11 and a 12-month high of $16.50. The stock has a market cap of $1.12 billion, a P/E ratio of 26.46 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $13.99 and its 200-day moving average is $14.47.

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

Wall Street Analyst Weigh In

Separately, 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Trading of NPK International

A number of hedge funds have recently made changes to their positions in the business. Electron Capital Partners LLC bought a new stake in NPK International in the 1st quarter valued at $15,938,000. Arrowstreet Capital Limited Partnership boosted its position 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 purchasing an additional 486,846 shares during the period. GSA Capital Partners LLP bought a new position in NPK International during the fourth quarter worth $1,369,000. Sei Investments Co. increased its holdings in shares of NPK International by 121.6% in the first quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock valued at $12,130,000 after purchasing an additional 459,328 shares during the last quarter. Finally, Tieton Capital Management LLC acquired a new position in shares of NPK International in the second quarter valued at $13,060,000. 80.81% of the stock is owned by institutional investors and hedge funds.

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.