Insider Selling: NPK International (NYSE:NPKI) VP Sells $122,793.75 in Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 8,325 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $14.75, for a total transaction of $122,793.75. Following the sale, the vice president directly owned 247,165 shares of the company’s stock, valued at approximately $3,645,683.75. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lori Briggs also recently made the following trade(s):

• On Tuesday, June 2nd, Lori Briggs sold 10,446 shares of NPK International stock. The shares were sold at an average price of $14.58, for a total transaction of $152,302.68.

NPK International Stock Up 0.2%

Shares of NPKI stock opened at $14.63 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of 31.81 and a beta of 1.24. NPK International Inc. has a 12 month low of $8.17 and a 12 month high of $16.50. The company has a 50 day simple moving average of $15.01 and a two-hundred day simple moving average of $13.98. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On NPK International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted 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 acquiring an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NPK International during the second quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of NPK International during the third quarter worth $28,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NPK International during the third quarter worth $33,000. Finally, Federated Hermes Inc. bought a new position in shares of NPK International during the second quarter worth $39,000. Institutional investors own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NPKI shares. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, 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.