Vanguard Group Inc. reduced its stake in shares of NPK International Inc. (NYSE:NPKI – Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,706,012 shares of the company’s stock after selling 44,251 shares during the period. Vanguard Group Inc. owned approximately 0.06% of NPK International worth $56,096,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of NPK International during the 2nd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NPK International in the 3rd quarter valued at about $28,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NPK International in the 3rd quarter valued at about $33,000. Federated Hermes Inc. purchased a new position in shares of NPK International in the 2nd quarter valued at about $39,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of NPK International in the 3rd quarter valued at about $52,000. 80.81% of the stock is owned by institutional investors and hedge funds.
NPK International Price Performance
Shares of NPK International stock opened at $15.27 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. NPK International Inc. has a twelve month low of $7.63 and a twelve month high of $16.50. The business has a 50-day moving average price of $14.66 and a 200 day moving average price of $13.63. The firm has a market cap of $1.29 billion, a PE ratio of 33.21 and a beta of 1.30.
Insider Activity
In related news, CFO Gregg Piontek sold 15,000 shares of NPK International stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $15.04, for a total value of $225,600.00. Following the sale, the chief financial officer directly owned 819,326 shares in the company, valued at approximately $12,322,663.04. The trade was a 1.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 NPK International stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $14.31, for a total value of $28,806.03. Following the completion of the sale, the director owned 131,333 shares in the company, valued at approximately $1,879,375.23. The trade was a 1.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 161,603 shares of company stock worth $2,303,677. 4.20% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NPKI. B. Riley Financial restated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.17.
Check Out Our Latest Report on NPKI
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.
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