GWN Securities Inc. Invests $359,000 in NPK International Inc. $NPKI

GWN Securities Inc. acquired a new stake in NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 42,152 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in NPK International in the second quarter worth approximately $106,000. Riverwater Partners LLC acquired a new stake in shares of NPK International in the second quarter valued at $330,000. Envestnet Asset Management Inc. bought a new position in NPK International during the second quarter valued at about $141,000. Nisa Investment Advisors LLC acquired a new position in NPK International during the second quarter worth about $45,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in NPK International in the second quarter worth about $282,000. Institutional investors own 80.81% of the company’s stock.

NPK International Price Performance

NYSE NPKI opened at $13.64 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 1 year low of $4.76 and a 1 year high of $13.74. The company has a market cap of $1.15 billion, a PE ratio of -8.12 and a beta of 2.10. The stock’s 50-day moving average price is $11.17 and its two-hundred day moving average price is $9.22.

NPK International (NYSE:NPKI) last released its earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share for the quarter. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%.The firm had revenue of $142.25 million during the quarter. On average, analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NPKI shares. B. Riley raised their price objective on shares of NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Roth Capital restated a “buy” rating and set a $12.00 target price (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Finally, Weiss Ratings cut NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Insiders Place Their Bets

In related news, VP Lori Briggs sold 8,005 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $9.51, for a total transaction of $76,127.55. Following the transaction, the vice president directly owned 252,621 shares of the company’s stock, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Lanigan sold 68,896 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.34, for a total value of $712,384.64. Following the sale, the chief executive officer owned 1,095,913 shares of the company’s stock, valued at $11,331,740.42. The trade was a 5.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 79,914 shares of company stock valued at $819,686 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

NPK International Profile

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.