Summit Creek Advisors LLC Purchases 243,674 Shares of NPK International Inc. $NPKI

Summit Creek Advisors LLC purchased a new position in shares of NPK International Inc. (NYSE:NPKI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 243,674 shares of the company’s stock, valued at approximately $2,783,000.

A number of other large investors have also recently added to or reduced their stakes in NPKI. Sterling Capital Management LLC grew its position in shares of NPK International by 842.3% in the 3rd quarter. Sterling Capital Management LLC now owns 2,742 shares of the company’s stock valued at $31,000 after acquiring an additional 2,451 shares during the period. Fifth Third Bancorp bought a new stake in shares of NPK International in the 1st quarter valued at about $73,000. Entropy Technologies LP acquired a new stake in NPK International in the 1st quarter valued at about $151,000. SkyView Investment Advisors LLC acquired a new position in NPK International during the second quarter worth approximately $239,000. Finally, Nisa Investment Advisors LLC raised its stake in NPK International by 30.0% in the third quarter. Nisa Investment Advisors LLC now owns 15,469 shares of the company’s stock valued at $177,000 after buying an additional 3,572 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NPKI shares. B. Riley Financial dropped their price target on NPK International from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings cut shares of NPK International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, November 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insiders Place Their Bets

In related news, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $14.26, for a total transaction of $28,705.38. Following the sale, the director directly owned 135,865 shares of the company’s stock, valued at approximately $1,937,434.90. The trade was a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John C. Minge purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $9.24 per share, for a total transaction of $138,600.00. Following the completion of the acquisition, the director directly owned 268,942 shares in the company, valued at $2,485,024.08. The trade was a 5.91% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 15,004 shares of company stock worth $203,715. Insiders own 4.20% of the company’s stock.

NPK International Price Performance

Shares of NYSE NPKI opened at $8.63 on Friday. NPK International Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $16.50. The business has a fifty day moving average price of $11.61 and a two-hundred day moving average price of $13.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.38. The stock has a market capitalization of $724.31 million, a PE ratio of 17.26 and a beta of 1.54.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The firm had revenue of $76.28 million for the quarter. NPK International had a return on equity of 11.57% and a net margin of 14.00%. As a group, equities analysts predict that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

About NPK International

NPK International is an industrial equipment company focused on attachments and related systems used with excavators and other heavy construction machinery. Through its operating businesses, the company designs, manufactures and distributes equipment for construction, demolition, recycling, mining, utility and material-handling applications.

Its product portfolio includes hydraulic breakers and hammers, concrete crushers and pulverizers, demolition shears, grapples, compactors, augers and other specialized attachments.