37,237 Shares in NPK International Inc. $NPKI Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of NPK International Inc. (NYSE:NPKI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,237 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of NPK International during the second quarter worth $27,000. AlphaQuest LLC bought a new position in NPK International during the 2nd quarter worth $186,000. Oppenheimer Asset Management Inc. acquired a new position in NPK International during the 2nd quarter worth about $282,000. Nisa Investment Advisors LLC bought a new stake in shares of NPK International in the 2nd quarter valued at about $45,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of NPK International in the 2nd quarter valued at about $141,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NPKI. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Wall Street Zen downgraded shares of NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. 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, November 3rd. Three equities 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 an average target price of $14.17.

NPK International Stock Performance

Shares of NPKI stock opened at $14.46 on Wednesday. The firm has a 50 day moving average of $13.38 and a 200-day moving average of $12.18. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 38.05 and a beta of 1.29. The company has a quick ratio of 2.00, a current ratio of 2.20 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.05.

NPK International Company Profile

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.