Insider Selling: NPK International (NYSE:NPKI) Director Sells 2,013 Shares of Stock

NPK International Inc. (NYSE:NPKIGet Free Report) Director Michael Lewis sold 2,013 shares of NPK International 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 owned 129,320 shares of the company’s stock, valued at $1,978,596. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Up 1.0%

NYSE NPKI traded up $0.15 on Tuesday, hitting $15.26. 931,112 shares of the stock were exchanged, compared to its average volume of 756,027. 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 fifty-two week low of $7.63 and a fifty-two week high of $16.50. The company has a market cap of $1.29 billion, a PE ratio of 33.17 and a beta of 1.30. The company has a 50-day moving average price of $14.68 and a 200-day moving average price of $13.65.

NPK International (NYSE:NPKIGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. NPK International had a net margin of 13.71% and a return on equity of 10.56%. The company had revenue of $75.07 million during the quarter. Sell-side analysts anticipate that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On NPK International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new stake in shares of NPK International during the 2nd quarter worth about $51,903,000. Vanguard Group Inc. lifted its holdings in shares of NPK International by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock valued at $53,725,000 after purchasing an additional 19,663 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of NPK International in the 2nd quarter valued at about $25,341,000. American Century Companies Inc. grew its stake 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 buying an additional 344,658 shares during the last quarter. Finally, Conversant Capital LLC acquired a new position in NPK International during the second quarter worth approximately $23,103,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

View Our Latest Research Report on NPKI

NPK International Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for NPK International (NYSE:NPKI)

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