NPK International (NYSE:NPKI) Director Sells $28,705.38 in Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $14.26, for a total value of $28,705.38. Following the sale, the director directly owned 135,865 shares in the company, valued at $1,937,434.90. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Price Performance

NPKI stock opened at $13.70 on Friday. The business has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.51. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 27.40 and a beta of 1.26. NPK International Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $16.50.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. NPK International had a net margin of 14.19% and a return on equity of 11.31%. The company had revenue of $81.58 million for the quarter. Equities research analysts anticipate that NPK International Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NPK International

Several large investors have recently modified their holdings of NPKI. Electron Capital Partners LLC acquired a new position in NPK International in the first quarter valued at $15,938,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of NPK International by 46.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after buying an additional 486,846 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of NPK International during the fourth quarter worth about $1,369,000. Sei Investments Co. boosted its stake in shares of NPK International by 121.6% during the first quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock worth $12,130,000 after buying an additional 459,328 shares during the period. Finally, Tieton Capital Management LLC purchased a new position in shares of NPK International during the second quarter worth about $13,060,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on NPKI. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, NPK International presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.