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

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $14.26, for a total transaction of $28,705.38. Following the completion of the transaction, the director directly owned 135,865 shares in the company, valued at approximately $1,937,434.90. The trade was a 1.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Price Performance

NYSE:NPKI opened at $14.04 on Thursday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.07 and a beta of 1.26. NPK International Inc. has a 52-week low of $9.65 and a 52-week high of $16.50. The stock has a fifty day moving average of $14.32 and a 200 day moving average of $14.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61.

NPK International (NYSE:NPKI) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $81.58 million for the quarter. NPK International had a return on equity of 11.31% and a net margin of 14.19%. On average, research analysts expect that NPK International Inc. will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of NPK International by 26,725.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after purchasing an additional 2,138 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in NPK International during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC bought a new position in shares of NPK International during the second quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new position in shares of NPK International in the fourth quarter worth about $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of NPK International in the 4th quarter valued at about $50,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NPKI has been the topic of a number of research analyst reports. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

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.