GSA Capital Partners LLP Takes Position in NPK International Inc. $NPKI

GSA Capital Partners LLP purchased a new stake in NPK International Inc. (NYSE:NPKIFree Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 114,858 shares of the company’s stock, valued at approximately $1,369,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. bought a new stake in shares of NPK International in the second quarter valued at approximately $51,903,000. Vanguard Group Inc. increased its holdings in NPK International by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock worth $53,725,000 after acquiring an additional 19,663 shares during the period. Wasatch Advisors LP bought a new stake in NPK International during the 2nd quarter worth approximately $25,341,000. American Century Companies Inc. increased its holdings in NPK International by 13.1% during the 3rd 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 during the period. Finally, Conversant Capital LLC bought a new stake in NPK International during the 2nd quarter worth approximately $23,103,000. Institutional investors own 80.81% of the company’s stock.

NPK International Stock Performance

NPK International stock opened at $15.48 on Thursday. The firm’s 50 day simple moving average is $14.75 and its 200 day simple moving average is $13.68. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.31 billion, a PE ratio of 33.65 and a beta of 1.30. NPK International Inc. has a 1-year low of $7.63 and a 1-year high of $16.50.

NPK International (NYSE:NPKIGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. NPK International had a net margin of 13.71% and a return on equity of 10.56%. The business had revenue of $75.07 million for the quarter. As a group, analysts expect that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NPK International news, CFO Gregg Piontek sold 108,590 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $14.07, for a total value of $1,527,861.30. Following the completion of the transaction, the chief financial officer owned 884,326 shares of the company’s stock, valued at $12,442,466.82. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 129,320 shares of the company’s stock, valued at approximately $1,978,596. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 163,616 shares of company stock valued at $2,334,476. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on NPK International

About NPK International

(Free Report)

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.

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Institutional Ownership by Quarter for NPK International (NYSE:NPKI)

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