Insider Selling: NPK International (NYSE:NPKI) VP Sells 8,325 Shares of Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 8,325 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $14.75, for a total transaction of $122,793.75. Following the transaction, the vice president owned 247,165 shares in the company, valued at approximately $3,645,683.75. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lori Briggs also recently made the following trade(s):

• On Tuesday, June 2nd, Lori Briggs sold 10,446 shares of NPK International stock. The stock was sold at an average price of $14.58, for a total transaction of $152,302.68.

NPK International Stock Performance

Shares of NPK International stock traded down $0.06 on Tuesday, reaching $14.82. 1,227,797 shares of the stock were exchanged, compared to its average volume of 777,607. NPK International Inc. has a 1-year low of $8.15 and a 1-year high of $16.50. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $15.00 and a two-hundred day moving average price of $13.91. The firm has a market capitalization of $1.25 billion, a PE ratio of 32.22 and a beta of 1.24.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. NPK International had a net margin of 13.71% and a return on equity of 10.56%. The business had revenue of $75.07 million for the quarter. As a group, research analysts anticipate that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of NPK International

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of NPK International in the second quarter valued at about $141,000. Creative Planning purchased a new stake in shares of NPK International in the second quarter valued at about $270,000. Cetera Investment Advisers purchased a new stake in shares of NPK International in the second quarter valued at about $191,000. JPMorgan Chase & Co. purchased a new stake in shares of NPK International in the second quarter valued at about $633,000. Finally, Legal & General Group Plc purchased a new stake in shares of NPK International in the second quarter valued at about $710,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NPKI shares. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

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.