NPK International Inc. $NPKI Holdings Boosted by Sei Investments Co.

Sei Investments Co. raised its stake in NPK International Inc. (NYSE:NPKI) by 121.6% in the first quarter, HoldingsChannel.com reports. The fund owned 837,157 shares of the company’s stock after buying an additional 459,328 shares during the quarter. Sei Investments Co.’s holdings in NPK International were worth $12,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new stake in shares of NPK International during the 2nd quarter worth approximately $51,903,000. Wasatch Advisors LP acquired a new position in NPK International during the 2nd quarter valued at approximately $25,341,000. Conversant Capital LLC acquired a new position in NPK International during the 2nd quarter valued at approximately $23,103,000. Thrivent Financial for Lutherans bought a new position in NPK International during the 4th quarter worth $18,926,000. Finally, Cannell Capital LLC bought a new position in NPK International during the 2nd quarter worth $12,917,000. 80.81% of the stock is owned by institutional investors.

Insider Activity at NPK International

In other NPK International news, VP Lori Briggs sold 8,325 shares of NPK International stock in a transaction on Monday, June 8th. The stock was sold at an average price of $14.75, for a total transaction of $122,793.75. Following the sale, the vice president owned 247,165 shares of the company’s stock, valued at $3,645,683.75. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Wednesday, June 3rd. The stock was sold at an average price of $14.43, for a total value of $2,415,221.25. Following the transaction, the chief executive officer owned 254,699 shares of the company’s stock, valued at $3,675,306.57. This trade represents a 39.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 188,159 shares of company stock worth $2,721,117 in the last three months. 4.20% of the stock is owned by company insiders.

NPK International Stock Performance

NPKI opened at $12.50 on Friday. The business’s 50 day moving average is $14.60 and its 200-day moving average is $14.50. The stock has a market cap of $1.06 billion, a PE ratio of 25.00 and a beta of 1.22. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. NPK International Inc. has a twelve month low of $8.63 and a twelve month high of $16.50.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. NPK International had a return on equity of 11.31% and a net margin of 14.19%.The business had revenue of $81.58 million during the quarter. On average, analysts predict that NPK International Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings lowered 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 report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, NPK International presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

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.