Punch & Associates Investment Management Inc. Reduces Stock Position in NPK International Inc. $NPKI

Punch & Associates Investment Management Inc. lessened its stake in shares of NPK International Inc. (NYSE:NPKI) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,852,804 shares of the company’s stock after selling 41,922 shares during the quarter. NPK International makes up approximately 1.3% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 21st largest holding. Punch & Associates Investment Management Inc.’s holdings in NPK International were worth $22,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPKI. Caitong International Asset Management Co. Ltd grew its holdings in NPK International by 26,725.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock valued at $26,000 after buying an additional 2,138 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in NPK International in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC purchased a new stake in NPK International in the 2nd quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in NPK International in the 4th quarter valued at about $40,000. Finally, Los Angeles Capital Management LLC purchased a new stake in NPK International in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

NPK International Stock Up 0.3%

Shares of NYSE:NPKI opened at $14.82 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.40 and a current ratio of 1.58. NPK International Inc. has a 1 year low of $8.17 and a 1 year high of $16.50. The stock has a market capitalization of $1.25 billion, a P/E ratio of 32.22 and a beta of 1.24. The stock has a 50-day simple moving average of $15.04 and a 200-day simple moving average of $14.04.

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. Equities analysts forecast that NPK International Inc. will post 0.54 earnings per share for the current year.

Insider Transactions at NPK International

In other news, VP Lori Briggs sold 8,325 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $14.75, for a total transaction of $122,793.75. Following the completion of the sale, the vice president owned 247,165 shares in the company, valued at approximately $3,645,683.75. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $14.43, for a total value 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 238,159 shares of company stock worth $3,454,567 over the last 90 days. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. B. Riley Financial restated a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings upgraded NPK International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, NPK International presently has an average rating of “Moderate Buy” and an average 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.