Royce & Associates LP Sells 124,200 Shares of NPK International Inc. $NPKI

Royce & Associates LP decreased its holdings in shares of NPK International Inc. (NYSE:NPKI) by 4.8% during the 3rd quarter, Holdings Channel reports. The firm owned 2,442,280 shares of the company’s stock after selling 124,200 shares during the quarter. Royce & Associates LP’s holdings in NPK International were worth $27,622,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank bought a new position in shares of NPK International during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of NPK International in the 2nd quarter valued at $26,000. CWM LLC acquired a new position in shares of NPK International during the 2nd quarter valued at $27,000. Wilmington Savings Fund Society FSB bought a new position in NPK International during the third quarter worth $28,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in NPK International during the third quarter worth $33,000. 80.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. HC Wainwright boosted their target price on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NPK International presently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Stock Performance

Shares of NPKI opened at $14.42 on Monday. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43. The stock has a 50 day moving average price of $13.52 and a two-hundred day moving average price of $12.28. The firm has a market capitalization of $1.22 billion, a P/E ratio of 32.05 and a beta of 1.23.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $75.20 million during the quarter, compared to analyst estimates of $69.02 million. NPK International had a return on equity of 10.83% and a net margin of 14.06%. Equities analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at NPK International

In related news, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $14.31, for a total transaction of $28,806.03. Following the completion of the sale, the director directly owned 131,333 shares of the company’s stock, valued at approximately $1,879,375.23. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.90% of the stock is owned by insiders.

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.