Insider Selling: NPK International (NYSE:NPKI) Director Sells $24,156.00 in Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $12.00, for a total transaction of $24,156.00. Following the completion of the sale, the director owned 133,346 shares in the company, valued at approximately $1,600,152. The trade was a 1.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NPK International Stock Performance

NYSE NPKI opened at $12.24 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08. NPK International Inc. has a 1-year low of $4.76 and a 1-year high of $14.00. The business has a 50 day simple moving average of $11.90 and a two-hundred day simple moving average of $10.06. The stock has a market capitalization of $1.03 billion, a PE ratio of -7.28 and a beta of 2.00.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, meeting 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 firm had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 million. NPK International has set its FY 2025 guidance at EPS. On average, research analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On NPK International

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank acquired a new position in shares of NPK International during the second quarter worth $25,000. EverSource Wealth Advisors LLC purchased a new stake in NPK International during the 2nd quarter worth approximately $26,000. CWM LLC acquired a new position in NPK International during the 2nd quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NPK International in the third quarter worth $28,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NPK International during the third quarter worth $33,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

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.