Ritholtz Wealth Management Takes $90,000 Position in NPK International Inc. $NPKI

Ritholtz Wealth Management acquired a new stake in NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,601 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors have also modified their holdings of the stock. CWM LLC bought a new stake in shares of NPK International in the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in shares of NPK International during the 2nd quarter worth approximately $66,000. KLP Kapitalforvaltning AS bought a new stake in shares of NPK International during the 2nd quarter worth approximately $129,000. Kathmere Capital Management LLC bought a new stake in shares of NPK International during the 2nd quarter worth approximately $163,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of NPK International during the 2nd quarter worth approximately $188,000. 80.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction on Monday, August 11th. The stock was sold at an average price of $9.51, for a total value of $76,127.55. Following the transaction, the vice president directly owned 252,621 shares in the company, valued at approximately $2,402,425.71. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Lanigan sold 68,896 shares of NPK International stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the transaction, the chief executive officer owned 1,095,913 shares in the company, valued at $11,331,740.42. This represents a 5.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,914 shares of company stock worth $819,686 over the last quarter. Company insiders own 4.90% of the company’s stock.

NPK International Trading Up 0.6%

Shares of NYSE:NPKI opened at $12.34 on Thursday. NPK International Inc. has a 12-month low of $4.76 and a 12-month high of $12.39. The business’s fifty day simple moving average is $10.84 and its 200-day simple moving average is $8.89. The company has a market capitalization of $1.04 billion, a PE ratio of -7.34 and a beta of 2.10. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. The company had revenue of $142.25 million during the quarter. As a group, equities research analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Roth Capital reissued a “buy” rating and set a $12.00 price target (up from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. B. Riley raised their price target on NPK International from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings raised NPK International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.17.

NPK International Company Profile

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.