Penn Capital Management Company LLC Makes New $600,000 Investment in NPK International Inc. $NPKI

Penn Capital Management Company LLC acquired a new stake in shares of NPK International Inc. (NYSE:NPKI) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 53,029 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new position in shares of NPK International in the second quarter worth $51,903,000. Vanguard Group Inc. boosted its position in shares of NPK International by 0.4% during the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock worth $53,725,000 after acquiring an additional 19,663 shares during the last quarter. Wasatch Advisors LP purchased a new position in NPK International during the second quarter valued at $25,341,000. American Century Companies Inc. grew its stake in NPK International by 13.1% during the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock valued at $33,603,000 after acquiring an additional 344,658 shares in the last quarter. Finally, Conversant Capital LLC bought a new stake in NPK International in the 2nd quarter valued at $23,103,000. Institutional investors own 80.81% of the company’s stock.

NPK International Stock Down 0.3%

NYSE NPKI opened at $13.86 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43. The company has a market capitalization of $1.17 billion, a P/E ratio of 30.79 and a beta of 1.23. NPK International Inc. has a one year low of $4.76 and a one year high of $15.96. The stock has a 50 day moving average price of $13.92 and a 200-day moving average price of $12.59.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The company had revenue of $75.20 million for the quarter, compared to analysts’ expectations of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. As a group, equities analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other NPK International news, CFO Gregg Piontek sold 108,590 shares of NPK International stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 884,326 shares of the company’s stock, valued at $12,442,466.82. This trade represents a 10.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $14.31, for a total transaction 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. This trade represents a 1.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 111,603 shares of company stock valued at $1,570,227 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

NPKI has been the topic of several research analyst reports. Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Three 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.com, NPK International presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

NPK International 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.