Insider Selling: NPK International (NYSE:NPKI) CAO Sells 2,991 Shares

NPK International Inc. (NYSE:NPKI) CAO Matthew James Warren sold 2,991 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $13.41, for a total transaction of $40,109.31. Following the transaction, the chief accounting officer owned 51,439 shares in the company, valued at approximately $689,796.99. The trade was a 5.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Down 2.3%

NPKI stock traded down $0.31 during trading on Thursday, hitting $13.19. 500,796 shares of the company’s stock traded hands, compared to its average volume of 842,456. The business has a fifty day simple moving average of $13.75 and a two-hundred day simple moving average of $14.42. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.12 billion, a P/E ratio of 26.37 and a beta of 1.30. NPK International Inc. has a 1 year low of $10.50 and a 1 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 (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. NPK International had a return on equity of 11.31% and a net margin of 14.19%.The business had revenue of $81.58 million for the quarter. Sell-side analysts anticipate that NPK International Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Two equities 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Institutional Investors Weigh In On NPK International

A number of large investors have recently modified their holdings of NPKI. Caitong International Asset Management Co. Ltd increased its holdings in shares of NPK International by 26,725.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after acquiring an additional 2,138 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of NPK International in the 2nd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in NPK International in the 3rd quarter worth approximately $28,000. Federated Hermes Inc. acquired a new stake in NPK International in the 2nd quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC purchased a new stake in NPK International during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

About NPK International

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.