239,286 Shares in NPK International Inc. $NPKI Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in NPK International Inc. (NYSE:NPKI) in the second quarter, Holdings Channel.com reports. The institutional investor bought 239,286 shares of the company’s stock, valued at approximately $2,036,000.

Several other large investors also recently added to or reduced their stakes in NPKI. Amalgamated Bank acquired a new position in shares of NPK International during the 2nd quarter worth $25,000. CWM LLC acquired a new position in NPK International during the second quarter worth $27,000. Nisa Investment Advisors LLC bought a new position in NPK International during the second quarter valued at about $45,000. Ameritas Investment Partners Inc. bought a new position in NPK International during the second quarter valued at about $65,000. Finally, GAMMA Investing LLC acquired a new stake in shares of NPK International in the second quarter worth about $66,000. 80.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HC Wainwright increased their price objective on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a report on Monday. Finally, Roth Capital restated a “buy” rating and issued a $12.00 price objective (up from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, NPK International presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Trading Down 1.1%

Shares of NPK International stock opened at $12.80 on Friday. NPK International Inc. has a 1 year low of $4.76 and a 1 year high of $14.00. The company’s fifty day simple moving average is $12.07 and its 200-day simple moving average is $10.24. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 33.67 and a beta of 1.28. The company has a current ratio of 2.20, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The firm had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 million. NPK International had a net margin of 12.74% and a return on equity of 9.93%. As a group, sell-side analysts expect that NPK International Inc. will post 0.39 EPS for the current year.

About NPK International

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.