Quantbot Technologies LP Invests $540,000 in NPK International Inc. $NPKI

Quantbot Technologies LP bought a new stake in shares of NPK International Inc. (NYSE:NPKI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 47,739 shares of the company’s stock, valued at approximately $540,000. Quantbot Technologies LP owned approximately 0.06% of NPK International as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NPKI. Wilmington Savings Fund Society FSB bought a new position in shares of NPK International in the third quarter worth about $28,000. Amalgamated Bank purchased a new stake in NPK International in the 2nd quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NPK International in the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC bought a new stake in NPK International during the 2nd quarter worth approximately $26,000. Finally, State of Alaska Department of Revenue purchased a new position in NPK International during the third quarter valued at approximately $52,000. Institutional investors own 80.81% of the company’s stock.

Insider Transactions at NPK International

In other news, CFO Gregg Piontek sold 108,590 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total transaction of $1,527,861.30. Following the sale, the chief financial officer directly owned 884,326 shares of the company’s stock, valued at $12,442,466.82. This represents a 10.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Lewis sold 2,013 shares of the firm’s 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is currently owned by insiders.

NPK International Price Performance

Shares of NYSE:NPKI opened at $13.55 on Monday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 30.11 and a beta of 1.23. The firm has a fifty day moving average price of $13.68 and a 200 day moving average price of $12.41. NPK International Inc. has a fifty-two week low of $4.76 and a fifty-two 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.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. NPK International had a net margin of 14.06% and a return on equity of 10.83%. The business had revenue of $75.20 million for the quarter, compared to analysts’ expectations of $69.02 million. As a group, sell-side analysts expect that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NPKI shares. Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.17.

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.