Sigma Planning Corp Makes New $869,000 Investment in NPK International Inc. $NPKI

Sigma Planning Corp bought a new position in shares of NPK International Inc. (NYSE:NPKI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $869,000. Sigma Planning Corp owned approximately 0.07% of NPK International at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. acquired a new position in NPK International during the second quarter worth $51,903,000. Wasatch Advisors LP acquired a new stake in NPK International in the second quarter valued at $25,341,000. Conversant Capital LLC purchased a new stake in shares of NPK International during the 2nd quarter worth $23,103,000. Thrivent Financial for Lutherans purchased a new stake in shares of NPK International during the 4th quarter worth $18,926,000. Finally, Cannell Capital LLC acquired a new position in shares of NPK International during the 2nd quarter worth $12,917,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NPKI. Weiss Ratings downgraded shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. B. Riley Financial restated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, NPK International has a consensus rating of “Moderate Buy” and an average target price of $14.17.

NPK International Stock Performance

Shares of NPKI stock opened at $14.35 on Monday. The stock has a fifty day moving average price of $14.94 and a 200 day moving average price of $14.42. 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 $1.21 billion, a PE ratio of 31.20 and a beta of 1.22. NPK International Inc. has a 1 year low of $8.35 and a 1 year high of $16.50.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. NPK International had a net margin of 13.71% and a return on equity of 10.56%. The firm had revenue of $75.07 million during the quarter. Sell-side analysts forecast that NPK International Inc. will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at NPK International

In related news, CEO Matthew Lanigan sold 167,375 shares of the stock in a transaction on Wednesday, June 3rd. The stock was 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. This trade represents a 39.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $15.30, for a total value of $30,798.90. Following the sale, the director owned 129,320 shares of the company’s stock, valued at approximately $1,978,596. This represents a 1.53% 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. In the last 90 days, insiders have sold 188,159 shares of company stock worth $2,721,117. 4.20% of the stock is owned by insiders.

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.