Roubaix Capital LLC Sells 305,413 Shares of NPK International Inc. $NPKI

Roubaix Capital LLC cut its holdings in shares of NPK International Inc. (NYSE:NPKI) by 53.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,935 shares of the company’s stock after selling 305,413 shares during the period. Roubaix Capital LLC’s holdings in NPK International were worth $3,911,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sigma Planning Corp purchased a new position in NPK International in the 1st quarter worth about $869,000. Fifth Third Bancorp purchased a new stake in shares of NPK International during the 1st quarter valued at about $73,000. Hsbc Holdings PLC boosted its holdings in shares of NPK International by 272.2% during the 1st quarter. Hsbc Holdings PLC now owns 52,549 shares of the company’s stock valued at $764,000 after acquiring an additional 38,429 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of NPK International by 4.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 110,282 shares of the company’s stock valued at $1,598,000 after acquiring an additional 4,666 shares during the last quarter. Finally, MQS Management LLC grew its stake in shares of NPK International by 16.4% in the first quarter. MQS Management LLC now owns 13,938 shares of the company’s stock worth $202,000 after acquiring an additional 1,967 shares during the period. 80.81% of the stock is currently owned by institutional investors.

Insider Transactions at NPK International

In related news, CEO Matthew Lanigan sold 167,375 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 254,699 shares in the company, valued at approximately $3,675,306.57. The trade was a 39.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 129,320 shares of the company’s stock, valued at approximately $1,978,596. This represents a 1.53% decrease in their ownership of the stock. 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. Insiders have sold 188,159 shares of company stock worth $2,721,117 in the last quarter. Company insiders own 4.20% of the company’s stock.

NPK International Stock Up 0.5%

NPK International stock opened at $14.35 on Friday. NPK International Inc. has a one year low of $8.35 and a one year high of $16.50. The stock has a fifty day moving average of $14.94 and a 200 day moving average of $14.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. The stock has a market cap of $1.21 billion, a PE ratio of 31.20 and a beta of 1.22.

NPK International (NYSE:NPKI) last announced 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. The business had revenue of $75.07 million for the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. As a group, sell-side analysts predict that NPK International Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NPKI. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. B. Riley Financial restated 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 stock. According to data from MarketBeat, NPK International has a consensus rating of “Moderate Buy” and an average price target 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.