Calamos Advisors LLC Sells 97,071 Shares of NPK International Inc. $NPKI

Calamos Advisors LLC lowered its stake in NPK International Inc. (NYSE:NPKI) by 42.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 133,481 shares of the company’s stock after selling 97,071 shares during the quarter. Calamos Advisors LLC’s holdings in NPK International were worth $1,524,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of NPK International by 842.3% during 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 last quarter. Fifth Third Bancorp acquired a new position in NPK International during the first quarter valued at approximately $73,000. Entropy Technologies LP acquired a new position in NPK International during the first quarter valued at approximately $151,000. Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 3,572 shares during the period. Finally, SkyView Investment Advisors LLC bought a new position in shares of NPK International in the second quarter valued at approximately $239,000. Institutional investors own 80.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Rose M. Robeson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the transaction, the director directly owned 215,147 shares in the company, valued at $2,902,333.03. The trade was a 4.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction on Monday, August 17th. The shares were sold at an average price of $14.26, for a total value of $28,705.38. Following the completion of the transaction, the director 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,004 shares of company stock worth $203,715. Corporate insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

NPKI has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of NPK International from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, November 2nd. B. Riley Financial lowered their target price on shares of NPK International from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.

NPK International Trading Up 3.2%

NPK International stock opened at $8.92 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.38 and a current ratio of 1.68. The business’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $13.70. The firm has a market capitalization of $748.57 million, a PE ratio of 17.84 and a beta of 1.54. NPK International Inc. has a 52 week low of $8.24 and a 52 week high of $16.50.

NPK International (NYSE:NPKI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). NPK International had a return on equity of 11.57% and a net margin of 14.00%. The business had revenue of $76.28 million for the quarter. Equities research analysts forecast that NPK International Inc. will post 0.48 earnings per share for the current 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.