NPK International (NYSE:NPKI) CFO Gregg Piontek Sells 108,590 Shares

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 108,590 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $14.07, for a total value of $1,527,861.30. Following the transaction, the chief financial officer directly owned 884,326 shares in the company, valued at $12,442,466.82. This represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NPK International Price Performance

NYSE:NPKI traded down $0.30 during trading hours on Thursday, hitting $13.77. The company’s stock had a trading volume of 853,337 shares, compared to its average volume of 757,471. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $15.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.43. The business’s 50-day moving average is $13.62 and its two-hundred day moving average is $12.34. The company has a market capitalization of $1.16 billion, a PE ratio of 30.60 and a beta of 1.23.

NPK International (NYSE:NPKI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. NPK International had a net margin of 14.06% and a return on equity of 10.83%. The business had revenue of $75.20 million for the quarter, compared to analysts’ expectations of $69.02 million. As a group, research analysts anticipate that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. purchased a new position in NPK International during the second quarter worth about $51,903,000. Wasatch Advisors LP purchased a new position in shares of NPK International during the 2nd quarter worth about $25,341,000. Conversant Capital LLC acquired a new stake in shares of NPK International in the second quarter worth approximately $23,103,000. American Century Companies Inc. purchased a new stake in NPK International in the second quarter valued at approximately $22,351,000. Finally, Geode Capital Management LLC acquired a new position in NPK International during the second quarter worth approximately $19,874,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on NPKI shares. Wall Street Zen lowered NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NPK International has an average rating of “Moderate Buy” and a consensus target price 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.