Royce & Associates LP Lowers Stake in NPK International Inc. $NPKI

Royce & Associates LP lowered its position in shares of NPK International Inc. (NYSE:NPKIFree Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,185,610 shares of the company’s stock after selling 256,670 shares during the quarter. Royce & Associates LP’s holdings in NPK International were worth $26,052,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NPKI. Ameriprise Financial Inc. purchased a new position in NPK International during the second quarter valued at approximately $51,903,000. Wasatch Advisors LP purchased a new position in NPK International during the second quarter valued at approximately $25,341,000. Conversant Capital LLC purchased a new position in NPK International during the second quarter valued at approximately $23,103,000. Thrivent Financial for Lutherans purchased a new position in NPK International during the fourth quarter valued at approximately $18,926,000. Finally, Cannell Capital LLC bought a new position in shares of NPK International in the second quarter worth about $12,917,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Insider Buying and Selling

In other NPK International news, Director Michael A. Lewis sold 2,013 shares of the company’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 sale, the director directly owned 129,320 shares in the company, valued at $1,978,596. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gregg Piontek sold 108,590 shares of the company’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 sale, the chief financial officer owned 884,326 shares in the company, valued at approximately $12,442,466.82. This trade represents a 10.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 161,603 shares of company stock valued at $2,305,670. 4.20% of the stock is owned by corporate insiders.

NPK International Price Performance

Shares of NPK International stock opened at $15.98 on Wednesday. The stock has a 50 day moving average of $14.91 and a 200 day moving average of $13.76. NPK International Inc. has a 12 month low of $7.92 and a 12 month high of $16.50. The firm has a market cap of $1.35 billion, a PE ratio of 34.74 and a beta of 1.30. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKIGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. NPK International had a return on equity of 10.56% and a net margin of 13.71%.The company had revenue of $75.07 million during the quarter. On average, research analysts expect that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. B. Riley Financial reaffirmed 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, NPK International currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Check Out 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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