SG Americas Securities LLC Boosts Stock Holdings in NPK International Inc. $NPKI

SG Americas Securities LLC lifted its position in NPK International Inc. (NYSE:NPKI) by 143.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,553 shares of the company’s stock after acquiring an additional 56,277 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of NPK International worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in NPK International during the fourth quarter worth $1,369,000. Tudor Investment Corp ET AL grew its stake in NPK International by 985.9% in the 3rd quarter. Tudor Investment Corp ET AL now owns 506,585 shares of the company’s stock valued at $5,729,000 after purchasing an additional 459,935 shares during the period. JPMorgan Chase & Co. grew its stake in NPK International by 200.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 223,464 shares of the company’s stock valued at $2,527,000 after purchasing an additional 149,088 shares during the period. American Century Companies Inc. raised its stake in shares of NPK International by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock worth $33,603,000 after purchasing an additional 344,658 shares during the period. Finally, Granahan Investment Management LLC raised its stake in shares of NPK International by 16.1% during the 4th quarter. Granahan Investment Management LLC now owns 580,447 shares of the company’s stock worth $6,919,000 after purchasing an additional 80,507 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NPKI shares. B. Riley Financial reissued a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings lowered shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.17.

NPK International Price Performance

Shares of NYSE NPKI opened at $14.31 on Friday. The stock has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $14.26. NPK International Inc. has a 1-year low of $8.17 and a 1-year high of $16.50. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 31.12 and a beta of 1.22. The company has a current ratio of 1.58, a quick ratio of 1.40 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. The business had revenue of $75.07 million during the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. Analysts anticipate that NPK International Inc. will post 0.54 earnings per share for the current year.

Insider Transactions at NPK International

In related news, CFO Gregg Piontek sold 15,000 shares of NPK International stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $15.04, for a total value of $225,600.00. Following the completion of the sale, the chief financial officer owned 819,326 shares of the company’s stock, valued at approximately $12,322,663.04. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 254,699 shares in the company, valued at approximately $3,675,306.57. This trade represents a 39.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 203,159 shares of company stock worth $2,946,717 over the last 90 days. 4.20% of the stock is owned by insiders.

NPK International 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.