NPK International (NYSE:NPKI) CEO Sells $2,415,221.25 in Stock

NPK International Inc. (NYSE:NPKI) CEO Matthew Lanigan sold 167,375 shares of NPK International stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the transaction, the chief executive officer directly owned 254,699 shares in the company, valued at $3,675,306.57. This represents a 39.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Performance

NYSE NPKI opened at $14.25 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. NPK International Inc. has a twelve month low of $8.15 and a twelve month high of $16.50. The business has a 50-day moving average price of $14.99 and a 200-day moving average price of $13.89. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 30.98 and a beta of 1.24.

NPK International (NYSE:NPKI) last issued its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts predict that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. acquired a new position in NPK International in the 2nd quarter worth about $51,903,000. Wasatch Advisors LP bought a new stake in shares of NPK International during the 2nd quarter worth $25,341,000. Conversant Capital LLC bought a new position in NPK International in the 2nd quarter worth $23,103,000. Thrivent Financial for Lutherans acquired a new position in NPK International during the 4th quarter worth $18,926,000. Finally, Cannell Capital LLC bought a new stake in NPK International during the second quarter valued at about $12,917,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NPK International currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

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.