49 Wealth Management LLC Invests $220,000 in NPK International Inc. $NPKI

49 Wealth Management LLC acquired a new position in NPK International Inc. (NYSE:NPKI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,855 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank bought a new stake in shares of NPK International in the second quarter worth about $25,000. CWM LLC purchased a new position in NPK International during the 2nd quarter valued at approximately $27,000. Nisa Investment Advisors LLC bought a new stake in NPK International in the 2nd quarter worth approximately $45,000. GAMMA Investing LLC bought a new stake in NPK International in the 2nd quarter worth approximately $66,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of NPK International during the 2nd quarter worth approximately $90,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

NPK International Price Performance

Shares of NPKI stock opened at $12.46 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.08 and a current ratio of 2.34. The stock has a 50 day moving average price of $11.55 and a 200 day moving average price of $9.65. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $14.00. The firm has a market capitalization of $1.05 billion, a P/E ratio of -7.42 and a beta of 2.00.

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

Insider Transactions at NPK International

In related news, CEO Matthew Lanigan sold 68,896 shares of the business’s stock in a transaction 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 directly owned 1,095,913 shares in the company, valued at $11,331,740.42. The trade was a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 71,909 shares of company stock valued at $743,559 over the last 90 days. 4.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NPKI. B. Riley upped their target price on shares of NPK International from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Roth Capital reiterated a “buy” rating and issued a $12.00 price target (up previously from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. HC Wainwright upped their price objective on NPK International from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings raised NPK International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

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.