NPK International Inc. $NPKI Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP reduced its holdings in NPK International Inc. (NYSE:NPKI) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,811,593 shares of the company’s stock after selling 87,428 shares during the period. Wasatch Advisors LP’s holdings in NPK International were worth $44,732,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in NPK International in the second quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in NPK International in the third quarter valued at $28,000. Federated Hermes Inc. acquired a new stake in NPK International during the 2nd quarter worth about $39,000. Finally, Kestra Advisory Services LLC acquired a new stake in NPK International during the 4th quarter worth about $40,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

NPK International Stock Performance

NPKI opened at $13.84 on Wednesday. The firm has a fifty day moving average price of $14.39 and a 200 day moving average price of $14.50. NPK International Inc. has a 1 year low of $9.45 and a 1 year high of $16.50. The stock has a market cap of $1.18 billion, a P/E ratio of 27.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.40.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $81.58 million for the quarter. NPK International had a net margin of 14.19% and a return on equity of 11.31%. Equities research analysts anticipate that NPK International Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NPKI shares. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Activity at NPK International

In related news, VP Lori Briggs sold 10,446 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $14.58, for a total value of $152,302.68. Following the completion of the transaction, the vice president owned 255,490 shares of the company’s stock, valued at approximately $3,725,044.20. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew Lanigan sold 167,375 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $14.43, for a total value of $2,415,221.25. Following the transaction, the chief executive officer owned 254,699 shares in the company, valued at $3,675,306.57. This represents a 39.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 188,159 shares of company stock worth $2,721,117 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

About NPK International

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.