NPK International (NYSE:NPKI) CEO Sells $2,415,221.25 in Stock

NPK International Inc. (NYSE:NPKI) CEO Matthew Lanigan sold 167,375 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the completion of the sale, the chief executive officer owned 254,699 shares of the company’s stock, valued at approximately $3,675,306.57. This trade represents a 39.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Down 2.5%

Shares of NYSE:NPKI traded down $0.37 during mid-day trading on Friday, hitting $14.25. The stock had a trading volume of 535,401 shares, compared to its average volume of 770,848. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. The company has a market cap of $1.20 billion, a PE ratio of 30.98 and a beta of 1.24. NPK International Inc. has a 12-month low of $8.15 and a 12-month high of $16.50. The company’s 50 day moving average is $15.00 and its 200-day moving average is $13.87.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $75.07 million during the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. On average, sell-side analysts predict that NPK International Inc. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently 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 and other institutional investors have recently added to or reduced their stakes in NPKI. Caitong International Asset Management Co. Ltd raised 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 in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of NPK International during the 2nd quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of NPK International during the 3rd quarter valued at $28,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NPK International during the 3rd quarter valued at $33,000. Finally, Federated Hermes Inc. bought a new position in shares of NPK International during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

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.