Michael Lewis Sells 2,013 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of NPK International stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total transaction of $28,806.03. Following the completion of the sale, the director owned 131,333 shares in the company, valued at $1,879,375.23. The trade was a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NPK International Stock Down 1.3%

NYSE NPKI traded down $0.20 during trading hours on Wednesday, hitting $14.28. 684,577 shares of the company traded hands, compared to its average volume of 652,195. The business’s 50-day moving average is $13.38 and its 200-day moving average is $12.18. NPK International Inc. has a twelve month low of $4.76 and a twelve month high of $15.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.00 and a current ratio of 2.20. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 37.57 and a beta of 1.29.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. NPK International had a net margin of 12.74% and a return on equity of 9.93%. Sell-side analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

NPKI has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. HC Wainwright boosted their price target on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NPKI. Caitong International Asset Management Co. Ltd increased its position in shares of NPK International by 26,725.0% during 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 period. Wilmington Savings Fund Society FSB bought a new stake in NPK International during the third quarter valued at $28,000. Amalgamated Bank acquired a new stake in NPK International during the 2nd quarter worth about $25,000. Wealth Enhancement Advisory Services LLC acquired a new stake in NPK International during the 3rd quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of NPK International in the 2nd quarter worth about $26,000. 80.81% of the stock is owned by institutional investors and hedge funds.

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.