GAMMA Investing LLC Buys New Shares in NPK International Inc. $NPKI

GAMMA Investing LLC bought a new stake in NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,742 shares of the company’s stock, valued at approximately $66,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC acquired a new position in NPK International in the second quarter valued at $188,000. Diversified Trust Co acquired a new stake in NPK International during the second quarter worth about $210,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in NPK International during the second quarter worth about $7,615,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

NPK International Trading Down 1.2%

NYSE:NPKI opened at $11.16 on Friday. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $10.25 and its two-hundred day moving average is $8.39. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $11.74. The company has a market cap of $941.82 million, a PE ratio of -6.64 and a beta of 2.10.

NPK International (NYSE:NPKI) last released its earnings results on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%.The company had revenue of $68.23 million for the quarter, compared to the consensus estimate of $59.75 million. NPK International has set its FY 2025 guidance at EPS. On average, analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

NPKI has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $12.00 price target (up from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of NPK International in a research note on Saturday, September 27th. Finally, B. Riley upped their price target on NPK International from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Insider Buying and Selling

In other NPK International news, CEO Matthew Lanigan sold 68,896 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the transaction, the chief executive officer owned 1,095,913 shares of the company’s stock, valued at $11,331,740.42. This trade represents a 5.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lori Briggs sold 8,005 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $9.51, for a total value of $76,127.55. Following the transaction, the vice president directly owned 252,621 shares in the company, valued at approximately $2,402,425.71. This represents a 3.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,919 shares of company stock worth $888,289. 4.90% of the stock is currently owned by company insiders.

About NPK International

NPK International Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.