Tieton Capital Management LLC Sells 212,420 Shares of NPK International Inc. $NPKI

Tieton Capital Management LLC lowered its holdings in shares of NPK International Inc. (NYSE:NPKI) by 21.0% during the fourth quarter, Holdings Channel reports. The firm owned 800,562 shares of the company’s stock after selling 212,420 shares during the period. NPK International accounts for about 3.3% of Tieton Capital Management LLC’s portfolio, making the stock its 15th largest position. Tieton Capital Management LLC’s holdings in NPK International were worth $9,543,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in NPK International during the second quarter valued at about $51,903,000. Vanguard Group Inc. raised its holdings in NPK International by 0.4% during the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock valued at $53,725,000 after buying an additional 19,663 shares in the last quarter. Wasatch Advisors LP bought a new position in NPK International during the second quarter valued at about $25,341,000. American Century Companies Inc. raised its holdings in NPK International by 13.1% during the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock valued at $33,603,000 after buying an additional 344,658 shares in the last quarter. Finally, Conversant Capital LLC bought a new position in NPK International during the second quarter valued at about $23,103,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Gregg Piontek sold 15,000 shares of NPK International stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $15.04, for a total transaction of $225,600.00. Following the sale, the chief financial officer directly owned 819,326 shares of the company’s stock, valued at $12,322,663.04. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 NPK International stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $15.30, for a total value of $30,798.90. Following the sale, the director directly owned 129,320 shares in the company, valued at approximately $1,978,596. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 161,603 shares of company stock worth $2,305,670. 4.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NPKI has been the topic of several recent research reports. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of NPK International in a report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

NPK International Trading Down 1.6%

Shares of NYSE:NPKI opened at $14.29 on Tuesday. The company has a market cap of $1.21 billion, a P/E ratio of 31.07 and a beta of 1.24. The stock’s 50-day moving average is $14.98 and its 200-day moving average is $13.82. NPK International Inc. has a 52-week low of $7.95 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company 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%. Equities research analysts predict that NPK International Inc. will post 0.54 earnings per share for the current year.

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.