Insider Selling: NPK International (NYSE:NPKI) CFO Sells 108,590 Shares of Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 108,590 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total transaction of $1,527,861.30. Following the sale, the chief financial officer owned 884,326 shares in the company, valued at $12,442,466.82. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NPK International Stock Down 2.1%

NPK International stock traded down $0.30 during trading on Thursday, reaching $13.77. The stock had a trading volume of 853,337 shares, compared to its average volume of 757,471. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.03. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $15.96. The stock has a market cap of $1.16 billion, a PE ratio of 30.60 and a beta of 1.23. The business has a 50 day moving average price of $13.62 and a 200 day moving average price of $12.34.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $75.20 million for the quarter, compared to analyst estimates of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. On average, analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of NPK International in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in NPK International by 26,725.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after purchasing an additional 2,138 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in NPK International in the second quarter valued at about $26,000. CWM LLC purchased a new stake in NPK International in the 2nd quarter valued at approximately $27,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in NPK International in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NPKI. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Wall Street Zen lowered shares of NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned 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 $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.