Oppenheimer Asset Management Inc. Makes New $282,000 Investment in NPK International Inc. $NPKI

Oppenheimer Asset Management Inc. purchased a new position in shares of NPK International Inc. (NYSE:NPKI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,102 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NPKI. Harbor Capital Advisors Inc. bought a new position in NPK International during the second quarter worth about $7,615,000. NorthCrest Asset Manangement LLC bought a new position in NPK International during the second quarter worth about $188,000. Diversified Trust Co bought a new position in shares of NPK International in the second quarter valued at approximately $210,000. GAMMA Investing LLC bought a new position in shares of NPK International in the second quarter valued at approximately $66,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of NPK International in the second quarter valued at approximately $458,000. Institutional investors own 80.81% of the company’s stock.

NPK International Stock Performance

Shares of NPK International stock opened at $12.31 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08. The firm has a market cap of $1.04 billion, a P/E ratio of -7.32 and a beta of 2.10. The firm has a 50 day simple moving average of $11.27 and a 200 day simple moving average of $9.36. NPK International Inc. has a fifty-two week low of $4.76 and a fifty-two week high of $14.00.

NPK International (NYSE:NPKI) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $68.84 million during the quarter, compared to analyst estimates of $56.83 million. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. NPK International has set its FY 2025 guidance at EPS. Sell-side analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Lori Briggs sold 8,005 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $9.51, for a total value of $76,127.55. Following the completion of the sale, the vice president owned 252,621 shares of the company’s stock, valued at $2,402,425.71. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew Lanigan sold 68,896 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the sale, the chief executive officer directly owned 1,095,913 shares of the company’s stock, valued at approximately $11,331,740.42. This represents a 5.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 79,914 shares of company stock valued at $819,686. 4.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NPKI has been the subject of a number of research analyst reports. B. Riley lifted their target price on shares of NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, August 7th. Roth Capital reiterated a “buy” rating and issued a $12.00 target price (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Finally, Weiss Ratings cut shares of NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NPK International has a consensus rating of “Moderate Buy” and an average target price of $12.17.

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.