Riverwater Partners LLC Purchases 119,051 Shares of NPK International Inc. $NPKI

Riverwater Partners LLC raised its position in shares of NPK International Inc. (NYSE:NPKI) by 306.6% during the fourth quarter, HoldingsChannel reports. The fund owned 157,876 shares of the company’s stock after acquiring an additional 119,051 shares during the quarter. Riverwater Partners LLC’s holdings in NPK International were worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in NPK International during the second quarter valued at $51,903,000. Vanguard Group Inc. increased its position in NPK International by 0.4% during the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock valued at $53,725,000 after acquiring an additional 19,663 shares during the last quarter. Wasatch Advisors LP bought a new position in NPK International during the second quarter valued at $25,341,000. American Century Companies Inc. increased its position 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 during the last quarter. Finally, Conversant Capital LLC bought a new position in NPK International during the second quarter valued at $23,103,000. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

Insider Activity at NPK International

In other news, VP Lori Briggs sold 8,325 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $14.75, for a total transaction of $122,793.75. Following the completion of the sale, the vice president directly owned 247,165 shares of the company’s stock, valued at approximately $3,645,683.75. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Also, CFO Gregg Piontek sold 15,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $15.04, for a total transaction of $225,600.00. Following the sale, the chief financial officer directly owned 819,326 shares of the company’s stock, valued at $12,322,663.04. This represents a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 239,159 shares of company stock valued at $3,468,127 over the last ninety days. Company insiders own 4.20% of the company’s stock.

NPK International Stock Up 0.2%

Shares of NPKI opened at $14.63 on Friday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 31.81 and a beta of 1.24. NPK International Inc. has a 12-month low of $8.17 and a 12-month high of $16.50. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $15.01 and a 200-day moving average price of $13.98.

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

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.