NPK International (NYSE:NPKI) Director Sells $134,900.00 in Stock

NPK International Inc. (NYSE:NPKI) Director Rose Robeson sold 10,000 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $13.49, for a total transaction of $134,900.00. Following the transaction, the director directly owned 215,147 shares in the company, valued at approximately $2,902,333.03. This represents a 4.44% decrease in their position. The transaction was disclosed in a legal 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 Stock Performance

NPK International stock opened at $13.29 on Thursday. The firm has a fifty day simple moving average of $13.96 and a two-hundred day simple moving average of $14.46. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. NPK International Inc. has a twelve month low of $10.30 and a twelve month high of $16.50. The company has a market capitalization of $1.13 billion, a PE ratio of 26.57 and a beta of 1.30.

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

Institutional Trading of NPK International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in NPK International by 2,096.6% in the second quarter. California State Teachers Retirement System now owns 1,762,064 shares of the company’s stock valued at $28,034,000 after acquiring an additional 1,681,847 shares in the last quarter. AXQ Capital LP bought a new stake in NPK International in the second quarter worth $774,000. XML Financial LLC increased its stake in NPK International by 120.1% during the 2nd quarter. XML Financial LLC now owns 27,485 shares of the company’s stock valued at $437,000 after purchasing an additional 15,000 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of NPK International by 198.7% in the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company’s stock worth $12,574,000 after buying an additional 525,718 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of NPK International in the second quarter worth $10,799,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

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.