NPK International (NYSE:NPKI) CEO Matthew Lanigan Sells 167,375 Shares

NPK International Inc. (NYSE:NPKI) CEO Matthew Lanigan sold 167,375 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the transaction, the chief executive officer owned 254,699 shares in the company, valued at $3,675,306.57. This represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Down 2.5%

Shares of NPK International stock traded down $0.37 during midday trading on Friday, reaching $14.25. 535,401 shares of the company’s stock traded hands, compared to its average volume of 770,848. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 30.98 and a beta of 1.24. The company’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $13.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. NPK International Inc. has a 52 week low of $8.15 and a 52 week high of $16.50.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $75.07 million for the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. Equities analysts expect that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NPKI. Caitong International Asset Management Co. Ltd grew its stake in NPK International by 26,725.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after buying an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in NPK International in the 2nd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in NPK International in the 3rd quarter valued at $28,000. Wealth Enhancement Advisory Services LLC acquired a new position in NPK International in the 3rd quarter valued at $33,000. Finally, Federated Hermes Inc. acquired a new position in NPK International in the 2nd quarter valued at $39,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, NPK International has an average rating of “Moderate Buy” and a consensus target price of $14.17.

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.