Michael Lewis Sells 2,013 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) Director Michael Lewis sold 2,013 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $15.30, for a total value of $30,798.90. Following the completion of the transaction, the director owned 129,320 shares of the company’s stock, valued at $1,978,596. The trade was a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Performance

NPK International stock opened at $15.48 on Thursday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 33.65 and a beta of 1.30. The stock has a fifty day moving average price of $14.75 and a 200 day moving average price of $13.68. NPK International Inc. has a 52 week low of $7.63 and a 52 week high of $16.50. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $75.07 million during the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. Equities research analysts anticipate that NPK International Inc. will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On NPK International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of NPK International in the second quarter worth about $141,000. Creative Planning purchased a new stake in shares of NPK International in the second quarter worth about $270,000. Cetera Investment Advisers purchased a new stake in shares of NPK International in the second quarter worth about $191,000. JPMorgan Chase & Co. purchased a new stake in shares of NPK International in the second quarter worth about $633,000. Finally, Legal & General Group Plc purchased a new stake in shares of NPK International in the second quarter worth about $710,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NPKI has been the subject of several research analyst reports. Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. B. Riley Financial restated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.17.

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.