Riverwater Partners LLC Raises Stake in NPK International Inc. $NPKI

Riverwater Partners LLC raised its position in shares of NPK International Inc. (NYSE:NPKI) by 306.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,876 shares of the company’s stock after purchasing an additional 119,051 shares during the quarter. Riverwater Partners LLC owned 0.19% of NPK International worth $1,882,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL lifted its holdings in shares of NPK International by 985.9% in the third quarter. Tudor Investment Corp ET AL now owns 506,585 shares of the company’s stock worth $5,729,000 after buying an additional 459,935 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of NPK International in the fourth quarter worth $1,369,000. JPMorgan Chase & Co. lifted its holdings in shares of NPK International by 200.5% in the third quarter. JPMorgan Chase & Co. now owns 223,464 shares of the company’s stock worth $2,527,000 after buying an additional 149,088 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of NPK International by 13.1% in the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock worth $33,603,000 after buying an additional 344,658 shares in the last quarter. Finally, Round Rock Advisors LLC lifted its holdings in shares of NPK International by 85.9% in the fourth quarter. Round Rock Advisors LLC now owns 92,114 shares of the company’s stock worth $1,098,000 after buying an additional 42,564 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Insider Buying and Selling at NPK International

In related news, VP Lori Briggs sold 8,325 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $14.75, for a total value of $122,793.75. Following the sale, the vice president owned 247,165 shares in the company, valued at approximately $3,645,683.75. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $15.30, for a total transaction of $30,798.90. Following the completion of the sale, the director owned 129,320 shares in the company, valued at $1,978,596. This represents a 1.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 239,159 shares of company stock worth $3,468,127. Company insiders own 4.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NPKI shares. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, NPK International presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Trading Up 0.2%

Shares of NPKI opened at $14.63 on Friday. The company’s fifty day moving average is $15.01 and its 200 day moving average is $13.98. NPK International Inc. has a fifty-two week low of $8.17 and a fifty-two week high of $16.50. The stock has a market capitalization of $1.24 billion, a PE ratio of 31.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58.

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

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.