OP Asset Management Ltd Purchases Shares of 333,418 NPK International Inc. $NPKI

OP Asset Management Ltd purchased a new stake in shares of NPK International Inc. (NYSE:NPKI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 333,418 shares of the company’s stock, valued at approximately $4,831,000.

Several other institutional investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of NPK International by 26,725.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after buying an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in NPK International during the second quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in NPK International in the third quarter worth approximately $28,000. Federated Hermes Inc. bought a new position in NPK International in the second quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of NPK International during the 4th quarter worth $40,000. Institutional investors own 80.81% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gregg Piontek sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $14.51, for a total transaction of $507,850.00. Following the transaction, the chief financial officer owned 834,326 shares of the company’s stock, valued at approximately $12,106,070.26. The trade was a 4.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lori Briggs sold 10,446 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total value of $152,302.68. Following the sale, the vice president owned 255,490 shares in the company, valued at $3,725,044.20. The trade was a 3.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 238,159 shares of company stock worth $3,454,567. 4.20% of the stock is owned by company insiders.

NPK International Trading Up 0.5%

NPKI opened at $15.60 on Friday. The stock has a 50-day moving average of $15.14 and a 200 day moving average of $14.19. 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 Inc. has a 12 month low of $8.17 and a 12 month high of $16.50. The firm has a market cap of $1.32 billion, a P/E ratio of 33.91 and a beta of 1.24.

NPK International (NYSE:NPKI) last issued its quarterly earnings data 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 business had revenue of $75.07 million for the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, research analysts forecast that NPK International Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

NPKI has been the subject of several analyst reports. Weiss Ratings upgraded NPK International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.