333,418 Shares in NPK International Inc. $NPKI Acquired by OP Asset Management Ltd

OP Asset Management Ltd acquired a new stake in shares of NPK International Inc. (NYSE:NPKI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 333,418 shares of the company’s stock, valued at approximately $4,831,000. OP Asset Management Ltd owned about 0.39% of NPK International at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of NPK International by 26,725.0% in 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 during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in NPK International during the 2nd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in NPK International during the 3rd quarter valued at about $28,000. Federated Hermes Inc. bought a new stake in NPK International during the 2nd quarter valued at about $39,000. Finally, Kestra Advisory Services LLC purchased a new position in NPK International in the fourth quarter worth about $40,000. 80.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings upgraded shares of NPK International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Price Performance

NYSE NPKI opened at $15.60 on Friday. NPK International Inc. has a one year low of $8.17 and a one year high of $16.50. The stock has a 50-day moving average of $15.14 and a 200 day moving average of $14.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 33.91 and a beta of 1.24.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $75.07 million for the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. On average, sell-side analysts forecast that NPK International Inc. will post 0.54 EPS for the current year.

Insider Activity at NPK International

In other NPK International news, VP Lori Briggs sold 10,446 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total transaction of $152,302.68. Following the completion of the sale, the vice president directly owned 255,490 shares in the company, valued at approximately $3,725,044.20. The trade was a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $15.30, for a total value 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 ownership of the stock. 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 238,159 shares of company stock worth $3,454,567 in the last three months. 4.20% of the stock is currently owned by company insiders.

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.