Nisa Investment Advisors LLC Makes New Investment in NPK International Inc. $NPKI

Nisa Investment Advisors LLC bought a new stake in NPK International Inc. (NYSE:NPKI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,272 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC acquired a new stake in NPK International in the 2nd quarter valued at $27,000. GAMMA Investing LLC bought a new position in NPK International during the 2nd quarter worth approximately $66,000. Ritholtz Wealth Management acquired a new position in shares of NPK International in the 2nd quarter worth approximately $90,000. KLP Kapitalforvaltning AS acquired a new stake in shares of NPK International during the 2nd quarter valued at approximately $129,000. Finally, Kathmere Capital Management LLC acquired a new stake in NPK International during the second quarter worth about $163,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Matthew Lanigan sold 68,896 shares of the stock in a transaction dated 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 owned 1,095,913 shares in the company, valued at $11,331,740.42. This trade represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction 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 transaction, the vice president owned 252,621 shares of the company’s stock, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 79,914 shares of company stock worth $819,686. 4.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NPKI shares. B. Riley boosted their price target on shares of NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. Weiss Ratings downgraded NPK International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Roth Capital reaffirmed a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Finally, HC Wainwright raised their price target on shares of NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Stock Up 3.6%

Shares of NPKI stock opened at $12.98 on Thursday. NPK International Inc. has a 12 month low of $4.76 and a 12 month high of $14.00. 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 firm has a market cap of $1.10 billion, a PE ratio of -7.72 and a beta of 2.00. The stock has a 50 day moving average of $11.42 and a 200-day moving average of $9.48.

NPK International (NYSE:NPKI) last announced its earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $68.84 million for 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. On average, equities analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

NPK International Profile

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.