Wellington Management Group LLP Boosts Position in NPK International Inc. $NPKI

Wellington Management Group LLP grew its stake in shares of NPK International Inc. (NYSE:NPKI) by 198.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 790,335 shares of the company’s stock after buying an additional 525,718 shares during the period. Wellington Management Group LLP’s holdings in NPK International were worth $12,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. bought a new position in shares of NPK International in the second quarter valued at approximately $51,903,000. Wasatch Advisors LP bought a new stake in NPK International during the 2nd quarter worth approximately $25,341,000. Conversant Capital LLC bought a new stake in NPK International during the 2nd quarter worth approximately $23,103,000. Thrivent Financial for Lutherans purchased a new stake in NPK International in the 4th quarter worth approximately $18,926,000. Finally, Cannell Capital LLC purchased a new stake in NPK International in the 2nd quarter worth approximately $12,917,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NPK International

In other NPK International news, Director Rose M. Robeson sold 10,000 shares of NPK International stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $13.49, for a total transaction of $134,900.00. Following the completion of the sale, the director directly owned 215,147 shares in the company, valued at $2,902,333.03. The trade was a 4.44% decrease in their ownership of the stock. The sale 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 Lewis sold 2,013 shares of the 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 completion of the transaction, the director directly owned 135,865 shares in the company, valued at $1,937,434.90. The trade was a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.20% of the company’s stock.

NPK International Price Performance

Shares of NYSE NPKI opened at $13.24 on Tuesday. The stock’s 50-day simple moving average is $13.81 and its two-hundred day simple moving average is $14.43. NPK International Inc. has a twelve month low of $10.35 and a twelve month high of $16.50. The firm has a market capitalization of $1.12 billion, a P/E ratio of 26.48 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company 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.