NPK International (NYSE:NPKI) VP Lori Briggs Sells 8,325 Shares of Stock

NPK International Inc. (NYSE:NPKI) VP Lori Briggs sold 8,325 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $14.75, for a total transaction of $122,793.75. Following the sale, the vice president directly owned 247,165 shares of the company’s stock, valued at $3,645,683.75. The trade was a 3.26% decrease in their position. The transaction 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.

Lori Briggs also recently made the following trade(s):

• On Tuesday, June 2nd, Lori Briggs sold 10,446 shares of NPK International stock. The stock was sold at an average price of $14.58, for a total transaction of $152,302.68.

NPK International Price Performance

NPK International stock opened at $14.82 on Wednesday. NPK International Inc. has a 52-week low of $8.15 and a 52-week high of $16.50. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.22 and a beta of 1.24. The company has a fifty day simple moving average of $15.00 and a 200-day simple moving average of $13.94. 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 (NYSE:NPKI) last released its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) 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 business had revenue of $75.07 million during the quarter. On average, equities analysts anticipate that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. acquired a new position in NPK International in the second quarter valued at about $51,903,000. Vanguard Group Inc. lifted its position in NPK International by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock valued at $53,725,000 after buying an additional 19,663 shares during the last quarter. Wasatch Advisors LP acquired a new position in NPK International in the second quarter valued at about $25,341,000. American Century Companies Inc. lifted its position in NPK International by 13.1% in the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock valued at $33,603,000 after buying an additional 344,658 shares during the last quarter. Finally, Conversant Capital LLC acquired a new position in NPK International in the second quarter valued at about $23,103,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NPKI shares. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.