Insider Selling: NPK International (NYSE:NPKI) CFO Sells $1,527,861.30 in Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 108,590 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $14.07, for a total value of $1,527,861.30. Following the completion of the transaction, the chief financial officer owned 884,326 shares of the company’s stock, valued at $12,442,466.82. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NPK International Trading Down 2.0%

NYSE NPKI opened at $13.55 on Friday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 30.11 and a beta of 1.23. NPK International Inc. has a twelve month low of $4.76 and a twelve month high of $15.96. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $13.68 and its 200 day moving average is $12.40.

NPK International (NYSE:NPKI) last issued its earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $75.20 million during the quarter, compared to analysts’ expectations of $69.02 million. NPK International had a return on equity of 10.83% and a net margin of 14.06%. As a group, sell-side analysts expect that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. bought a new stake in shares of NPK International in the 2nd quarter valued at about $51,903,000. Vanguard Group Inc. raised its position in shares of NPK International by 0.4% during the third quarter. Vanguard Group Inc. now owns 4,750,263 shares of the company’s stock worth $53,725,000 after acquiring an additional 19,663 shares during the last quarter. Wasatch Advisors LP acquired a new position in shares of NPK International in the second quarter worth approximately $25,341,000. American Century Companies Inc. lifted its stake in shares of NPK International by 13.1% in the third quarter. American Century Companies Inc. now owns 2,971,066 shares of the company’s stock worth $33,603,000 after acquiring an additional 344,658 shares during the period. Finally, Conversant Capital LLC bought a new stake in NPK International in the second quarter valued at approximately $23,103,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded NPK International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.17.

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.