Boston Partners Invests $782,000 in NPK International Inc. $NPKI

Boston Partners purchased a new stake in shares of NPK International Inc. (NYSE:NPKI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 91,918 shares of the company’s stock, valued at approximately $782,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NPKI. Amalgamated Bank bought a new position in NPK International in the second quarter worth $25,000. CWM LLC purchased a new stake in shares of NPK International in the 2nd quarter worth about $27,000. Nisa Investment Advisors LLC bought a new position in shares of NPK International in the 2nd quarter worth about $45,000. GAMMA Investing LLC purchased a new position in NPK International during the 2nd quarter valued at about $66,000. Finally, Ritholtz Wealth Management bought a new stake in NPK International during the second quarter worth about $90,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NPK International news, CEO Matthew Lanigan sold 68,896 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the transaction, the chief executive officer owned 1,095,913 shares of the company’s stock, valued at approximately $11,331,740.42. The trade was a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 71,909 shares of company stock valued at $743,559. 4.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NPKI has been the subject of a number of analyst reports. HC Wainwright raised their target price on shares of NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research report on Thursday. B. Riley lifted their price objective on NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of NPK International in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Price Performance

Shares of NYSE NPKI opened at $11.95 on Friday. The firm has a market cap of $1.01 billion, a P/E ratio of -7.11 and a beta of 2.00. NPK International Inc. has a twelve month low of $4.76 and a twelve month high of $14.00. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $11.70 and a 200 day moving average of $9.80.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%.The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. NPK International has set its FY 2025 guidance at EPS. As a group, research analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

About NPK International

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.