Tudor Investment Corp ET AL Has $5.73 Million Stake in NPK International Inc. $NPKI

Tudor Investment Corp ET AL lifted its holdings in NPK International Inc. (NYSE:NPKI) by 985.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 506,585 shares of the company’s stock after buying an additional 459,935 shares during the period. Tudor Investment Corp ET AL’s holdings in NPK International were worth $5,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in shares of NPK International in the 2nd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NPK International in the 3rd quarter worth approximately $28,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NPK International in the 3rd quarter worth approximately $33,000. Federated Hermes Inc. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $39,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of NPK International in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

NPK International Trading Up 3.7%

NYSE:NPKI opened at $14.86 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.26 billion, a PE ratio of 33.02 and a beta of 1.26. The firm’s 50 day moving average is $14.18 and its 200 day moving average is $12.99. NPK International Inc. has a 12 month low of $4.86 and a 12 month high of $15.96.

NPK International (NYSE:NPKI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $75.20 million for the quarter, compared to analysts’ expectations of $69.02 million. NPK International had a net margin of 14.06% and a return on equity of 10.83%. Sell-side analysts expect that NPK International Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total value of $28,806.03. Following the sale, the director owned 131,333 shares of the company’s stock, valued at approximately $1,879,375.23. The trade was a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Gregg Piontek sold 35,000 shares of NPK International stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $14.51, for a total transaction of $507,850.00. Following the completion of the sale, the chief financial officer directly owned 834,326 shares in the company, valued at $12,106,070.26. This trade represents a 4.03% 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. Insiders sold a total of 146,603 shares of company stock worth $2,078,077 in the last ninety days. 4.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NPKI has been the topic of a number of research analyst reports. Wall Street Zen downgraded NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NPK International 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.