Electron Capital Partners LLC Takes $15.94 Million Position in NPK International Inc. $NPKI

Electron Capital Partners LLC acquired a new position in shares of NPK International Inc. (NYSE:NPKI) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,099,943 shares of the company’s stock, valued at approximately $15,938,000.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in NPK International by 26,725.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after purchasing an additional 2,138 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of NPK International during the second quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in NPK International in the 3rd quarter valued at approximately $28,000. Federated Hermes Inc. bought a new stake in NPK International in the 2nd quarter valued at approximately $39,000. Finally, Kestra Advisory Services LLC acquired a new position in NPK International during the 4th quarter worth approximately $40,000. 80.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $30,798.90. Following the transaction, the director directly owned 129,320 shares in the company, valued at $1,978,596. The trade was a 1.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 188,159 shares of company stock valued at $2,721,117 in the last quarter. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

NPKI has been the topic of a number of recent research reports. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a report on Monday, May 4th. 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Stock Down 1.5%

NYSE:NPKI opened at $14.14 on Tuesday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 30.73 and a beta of 1.22. NPK International Inc. has a twelve month low of $8.63 and a twelve month high of $16.50. The stock’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $14.51. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02.

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

About NPK International

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.