NPK International Inc. (NYSE:NPKI – Get Free Report)’s share price traded down 8.4% on Wednesday . The stock traded as low as $14.67 and last traded at $14.5680. 497,185 shares were traded during mid-day trading, a decline of 41% from the average session volume of 843,685 shares. The stock had previously closed at $15.91.
Analyst Upgrades and Downgrades
NPKI has been the topic of a number of research reports. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings upgraded NPK International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. 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, the company has an average rating of “Moderate Buy” and an average price target of $14.17.
Read Our Latest Research Report on NPKI
NPK International Trading Down 9.3%
NPK International (NYSE:NPKI – Get Free Report) last posted 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. The firm had revenue of $75.07 million for the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, research analysts anticipate that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.
Insider Activity at NPK International
In other NPK International news, CEO Matthew Lanigan sold 167,375 shares of NPK International 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 sale, the chief executive officer owned 254,699 shares of the company’s stock, valued at $3,675,306.57. This trade represents a 39.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction on Friday, May 15th. The shares were 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 represents a 1.53% decrease in their ownership of the stock. 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 sold 203,159 shares of company stock valued at $2,946,717 over the last ninety days. 4.20% of the stock is owned by company insiders.
Institutional Trading of NPK International
A number of institutional investors have recently bought and sold shares of NPKI. CWM LLC increased its position in NPK International by 28.1% in the 4th quarter. CWM LLC now owns 4,917 shares of the company’s stock worth $59,000 after purchasing an additional 1,079 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of NPK International by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock valued at $324,000 after buying an additional 1,357 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in NPK International by 6.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock valued at $290,000 after acquiring an additional 1,478 shares during the last quarter. MetLife Investment Management LLC lifted its stake in NPK International by 3.4% in the fourth quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock valued at $541,000 after acquiring an additional 1,489 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in NPK International by 11.5% in the fourth quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock worth $178,000 after acquiring an additional 1,542 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
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.
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