Rice Hall James & Associates LLC Lowers Stake in NPK International Inc. $NPKI

Rice Hall James & Associates LLC decreased its position in NPK International Inc. (NYSE:NPKI) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 573,673 shares of the company’s stock after selling 82,570 shares during the quarter. Rice Hall James & Associates LLC owned 0.68% of NPK International worth $6,488,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank purchased a new stake in NPK International during the second quarter worth about $25,000. EverSource Wealth Advisors LLC acquired a new stake in NPK International during the 2nd quarter worth approximately $26,000. CWM LLC purchased a new position in NPK International in the 2nd quarter valued at approximately $27,000. Federated Hermes Inc. purchased a new stake in shares of NPK International during the second quarter worth $39,000. Finally, Nisa Investment Advisors LLC acquired a new position in NPK International during the 2nd quarter worth $45,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. HC Wainwright lifted their price objective on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research note on Monday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, NPK International has a consensus rating of “Moderate Buy” and an average target price of $14.17.

NPK International Price Performance

Shares of NPKI opened at $12.14 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.20 and a quick ratio of 2.00. NPK International Inc. has a 1-year low of $4.76 and a 1-year high of $14.00. The stock has a market cap of $1.03 billion, a PE ratio of 31.94 and a beta of 1.28. The firm has a fifty day moving average price of $12.46 and a 200 day moving average price of $10.69.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, October 30th. The company reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $68.84 million for the quarter, compared to analysts’ expectations of $56.83 million. NPK International had a return on equity of 9.93% and a net margin of 12.74%. As a group, sell-side analysts anticipate that NPK International Inc. will post 0.39 EPS for the current year.

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.