Granahan Investment Management LLC Sells 178,789 Shares of NPK International Inc. $NPKI

Granahan Investment Management LLC decreased its position in NPK International Inc. (NYSE:NPKI) by 30.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 401,658 shares of the company’s stock after selling 178,789 shares during the quarter. Granahan Investment Management LLC’s holdings in NPK International were worth $5,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NPKI. CWM LLC lifted its position in shares of NPK International by 28.1% during the fourth quarter. CWM LLC now owns 4,917 shares of the company’s stock valued at $59,000 after purchasing an additional 1,079 shares in the last quarter. Cetera Investment Advisers boosted its holdings in NPK International by 6.5% during the first quarter. Cetera Investment Advisers now owns 22,354 shares of the company’s stock worth $324,000 after purchasing an additional 1,357 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in NPK International by 6.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock worth $290,000 after purchasing an additional 1,478 shares in the last quarter. MetLife Investment Management LLC grew its position in NPK International by 3.4% in the 4th quarter. MetLife Investment Management LLC now owns 45,353 shares of the company’s stock worth $541,000 after purchasing an additional 1,489 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in NPK International by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 14,970 shares of the company’s stock valued at $178,000 after buying an additional 1,542 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

NPK International Price Performance

Shares of NYSE:NPKI opened at $14.25 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of 30.98 and a beta of 1.22. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $14.49. NPK International Inc. has a twelve month low of $8.63 and a twelve month high of $16.50.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NPKI shares. Weiss Ratings cut shares of NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

Insider Buying and Selling at NPK International

In other NPK International news, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $30,798.90. Following the sale, the director owned 129,320 shares of the company’s stock, valued at $1,978,596. The trade was a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock in a transaction on 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 in the company, valued at approximately $3,675,306.57. This represents a 39.66% decrease in their position. 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 have sold 188,159 shares of company stock valued at $2,721,117 in the last 90 days. 4.20% of the stock is currently owned by company insiders.

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.