Michael Lewis Sells 2,013 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of NPK International stock in a transaction on Monday, August 17th. The stock was sold at an average price of $14.26, for a total transaction of $28,705.38. Following the sale, the director directly owned 135,865 shares of the company’s stock, valued at $1,937,434.90. This represents a 1.46% decrease in their ownership of the stock. The transaction 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.

NPK International Price Performance

NPKI traded up $0.03 during trading on Wednesday, reaching $14.04. The stock had a trading volume of 771,745 shares, compared to its average volume of 846,395. The business has a 50-day moving average of $14.34 and a 200-day moving average of $14.51. NPK International Inc. has a one year low of $9.65 and a one year high of $16.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.61. The stock has a market cap of $1.19 billion, a PE ratio of 28.07 and a beta of 1.26.

NPK International (NYSE:NPKI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $81.58 million for the quarter. NPK International had a return on equity of 11.31% and a net margin of 14.19%. As a group, equities research analysts anticipate that NPK International Inc. will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On NPK International

Several hedge funds and other institutional investors have recently modified their holdings of NPKI. Electron Capital Partners LLC purchased a new position in shares of NPK International in the 1st quarter valued at approximately $15,938,000. Arrowstreet Capital Limited Partnership raised its holdings in NPK International by 46.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company’s stock worth $22,301,000 after purchasing an additional 486,846 shares in the last quarter. GSA Capital Partners LLP bought a new position in NPK International in the fourth quarter worth $1,369,000. Sei Investments Co. lifted its position in NPK International by 121.6% during the first quarter. Sei Investments Co. now owns 837,157 shares of the company’s stock valued at $12,130,000 after buying an additional 459,328 shares during the period. Finally, Granahan Investment Management LLC lifted its position in NPK International by 16.1% during the fourth quarter. Granahan Investment Management LLC now owns 580,447 shares of the company’s stock valued at $6,919,000 after buying an additional 80,507 shares during the period. 80.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NPKI has been the topic of a number of analyst reports. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.00.

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.