Tieton Capital Management LLC Takes $13.06 Million Position in NPK International Inc. $NPKI

Tieton Capital Management LLC purchased a new position in shares of NPK International Inc. (NYSE:NPKI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 820,845 shares of the company’s stock, valued at approximately $13,060,000. NPK International comprises about 3.8% of Tieton Capital Management LLC’s holdings, making the stock its 9th largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. CWM LLC increased its stake in NPK International by 28.1% during the fourth quarter. CWM LLC now owns 4,917 shares of the company’s stock worth $59,000 after acquiring an additional 1,079 shares during the last quarter. Cetera Investment Advisers raised its holdings in NPK International by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock valued at $324,000 after buying an additional 1,357 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in NPK International by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock valued at $290,000 after buying an additional 1,478 shares during the period. MetLife Investment Management LLC lifted its position in NPK International by 3.4% in the fourth quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock valued at $541,000 after buying an additional 1,489 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in NPK International by 11.5% during the fourth quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock worth $178,000 after buying an additional 1,542 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

NPK International Trading Up 0.2%

NYSE NPKI opened at $14.04 on Thursday. 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 firm has a market cap of $1.19 billion, a price-to-earnings ratio of 28.07 and a beta of 1.26. The firm has a 50 day simple moving average of $14.32 and a 200-day simple moving average of $14.51. NPK International Inc. has a one year low of $9.65 and a one year high of $16.50.

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

Insider Transactions at NPK International

In related news, CEO Matthew Lanigan sold 167,375 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the completion of the transaction, the chief executive officer directly owned 254,699 shares of the company’s stock, valued at $3,675,306.57. The trade was a 39.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 dated Monday, August 17th. The stock was sold at an average price of $14.26, for a total value of $28,705.38. Following the sale, the director owned 135,865 shares in the company, valued at approximately $1,937,434.90. This trade represents a 1.46% decrease in their position. 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. Over the last 90 days, insiders have sold 188,159 shares of company stock valued at $2,719,023. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NPKI shares. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.