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

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 transaction of $2,415,221.25. Following the sale, the chief executive officer owned 254,699 shares of the company’s stock, valued at $3,675,306.57. The trade was a 39.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NPK International Trading Down 2.5%

Shares of NPKI opened at $14.25 on Friday. NPK International Inc. has a 1-year low of $8.15 and a 1-year high of $16.50. The company has a 50-day moving average of $14.99 and a 200 day moving average of $13.88. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.98 and a beta of 1.24. 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 (NYSE:NPKI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.12 earnings per share 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 company had revenue of $75.07 million during the quarter. On average, research analysts expect that NPK International Inc. will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NPKI. Ameriprise Financial Inc. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $51,903,000. Wasatch Advisors LP purchased a new position in shares of NPK International in the 2nd quarter worth approximately $25,341,000. Conversant Capital LLC purchased a new position in shares of NPK International in the 2nd quarter worth approximately $23,103,000. Thrivent Financial for Lutherans purchased a new position in shares of NPK International in the 4th quarter worth approximately $18,926,000. Finally, Cannell Capital LLC purchased a new position in shares of NPK International in the 2nd quarter worth approximately $12,917,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

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