Jackson Creek Investment Advisors LLC Sells 166,121 Shares of NPK International Inc. $NPKI

Jackson Creek Investment Advisors LLC cut its holdings in shares of NPK International Inc. (NYSE:NPKI) by 82.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,141 shares of the company’s stock after selling 166,121 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in NPK International were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MQS Management LLC bought a new position in shares of NPK International during the fourth quarter valued at approximately $143,000. GSA Capital Partners LLP bought a new position in shares of NPK International during the fourth quarter valued at approximately $1,369,000. ProShare Advisors LLC boosted its stake in shares of NPK International by 11.5% during the fourth quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock valued at $178,000 after purchasing an additional 1,542 shares in the last quarter. ARS Investment Partners LLC boosted its stake in shares of NPK International by 30.3% during the fourth quarter. ARS Investment Partners LLC now owns 43,781 shares of the company’s stock valued at $522,000 after purchasing an additional 10,175 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of NPK International during the fourth quarter valued at approximately $18,926,000. 80.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NPK International

In other NPK International news, CFO Gregg Piontek sold 108,590 shares of NPK International stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $14.07, for a total value of $1,527,861.30. Following the completion of the transaction, the chief financial officer owned 884,326 shares of the company’s stock, valued at approximately $12,442,466.82. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction on Friday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $30,798.90. Following the completion of the transaction, the director directly owned 129,320 shares of the company’s stock, valued at $1,978,596. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 161,603 shares of company stock valued at $2,305,670. 4.20% of the stock is currently owned by corporate insiders.

NPK International Trading Down 0.6%

Shares of NPK International stock opened at $15.11 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.40. The firm has a fifty day moving average price of $14.97 and a 200 day moving average price of $13.80. NPK International Inc. has a 1 year low of $7.92 and a 1 year high of $16.50. The stock has a market cap of $1.28 billion, a PE ratio of 32.84 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NPKI shares. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, NPK International has a consensus 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.