SG Americas Securities LLC Grows Stock Holdings in NPK International Inc. $NPKI

SG Americas Securities LLC raised its holdings in shares of NPK International Inc. (NYSE:NPKI) by 143.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,553 shares of the company’s stock after acquiring an additional 56,277 shares during the quarter. SG Americas Securities LLC’s holdings in NPK International were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of NPK International by 28.1% in the fourth quarter. CWM LLC now owns 4,917 shares of the company’s stock worth $59,000 after acquiring an additional 1,079 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of NPK International by 6.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock valued at $290,000 after purchasing an additional 1,478 shares during the period. MetLife Investment Management LLC raised its stake in shares of NPK International by 3.4% during the 4th quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock valued at $541,000 after purchasing an additional 1,489 shares during the period. ProShare Advisors LLC raised its stake in shares of NPK International by 11.5% during the 4th quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock valued at $178,000 after purchasing an additional 1,542 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in NPK International by 26,725.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after purchasing an additional 2,138 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

NPKI has been the subject of several analyst reports. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Stock Up 0.0%

Shares of NYSE:NPKI opened at $14.31 on Friday. The firm has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $14.26. 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 Inc. has a one year low of $8.17 and a one year high of $16.50. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 31.12 and a beta of 1.22.

NPK International (NYSE:NPKI) last released its quarterly 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. The firm had revenue of $75.07 million during the quarter. NPK International had a net margin of 13.71% and a return on equity of 10.56%. Analysts anticipate that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Gregg Piontek sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the transaction, the chief financial officer directly owned 819,326 shares in the company, valued at $12,322,663.04. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lori Briggs sold 8,325 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $14.75, for a total value of $122,793.75. Following the completion of the transaction, the vice president owned 247,165 shares in the company, valued at $3,645,683.75. This represents a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 203,159 shares of company stock worth $2,946,717 over the last three months. Corporate insiders own 4.20% of the company’s stock.

NPK International 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.