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

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 transaction of $30,798.90. Following the completion of the sale, the director owned 129,320 shares of the company’s stock, valued at approximately $1,978,596. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Stock Performance

NPK International stock traded up $0.15 during midday trading on Tuesday, hitting $15.26. 931,112 shares of the company’s stock were exchanged, compared to its average volume of 756,027. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 33.17 and a beta of 1.30. NPK International Inc. has a 12-month low of $7.63 and a 12-month high of $16.50. The firm’s 50 day simple moving average is $14.68 and its 200 day simple moving average is $13.65.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of NPK International by 21.4% in the 1st quarter. Bank of America Corp DE now owns 240,022 shares of the company’s stock valued at $3,478,000 after purchasing an additional 42,308 shares during the last quarter. Electron Capital Partners LLC purchased a new position in shares of NPK International in the 1st quarter valued at approximately $15,938,000. The Manufacturers Life Insurance Company grew its stake in shares of NPK International by 50.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 37,493 shares of the company’s stock valued at $543,000 after purchasing an additional 12,564 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of NPK International by 22.5% in the first quarter. Quantinno Capital Management LP now owns 26,527 shares of the company’s stock valued at $384,000 after buying an additional 4,880 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of NPK International in the first quarter valued at approximately $151,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NPKI. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.17.

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.