Matthew Lanigan Sells 167,375 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) CEO Matthew Lanigan sold 167,375 shares of NPK International stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total value of $2,415,221.25. Following the completion of the sale, the chief executive officer owned 254,699 shares of the company’s stock, valued at $3,675,306.57. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Down 2.5%

NPKI opened at $14.25 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.40. NPK International Inc. has a 12 month low of $8.15 and a 12 month high of $16.50. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.98 and a beta of 1.24. The business has a 50-day moving average of $14.99 and a two-hundred day moving average of $13.88.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on NPKI. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. B. Riley Financial reiterated 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.17.

Hedge Funds Weigh In On NPK International

Several hedge funds and other institutional investors have recently bought and sold shares of NPKI. Envestnet Asset Management Inc. acquired a new position in NPK International during the 2nd quarter worth approximately $141,000. Creative Planning acquired a new position in NPK International during the 2nd quarter worth approximately $270,000. Cetera Investment Advisers acquired a new position in NPK International during the 2nd quarter worth approximately $191,000. JPMorgan Chase & Co. acquired a new position in NPK International during the 2nd quarter worth approximately $633,000. Finally, Legal & General Group Plc acquired a new position in NPK International during the 2nd quarter worth approximately $710,000. 80.81% of the stock is owned by institutional investors and hedge funds.

NPK International Company 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.