ArrowMark Colorado Holdings LLC Lowers Holdings in NPK International Inc. $NPKI

ArrowMark Colorado Holdings LLC decreased its position in NPK International Inc. (NYSE:NPKI) by 22.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,047,050 shares of the company’s stock after selling 307,680 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.24% of NPK International worth $11,842,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC lifted its stake in shares of NPK International by 4.0% in the third quarter. AlphaQuest LLC now owns 22,706 shares of the company’s stock worth $257,000 after buying an additional 869 shares in the last quarter. Creative Planning raised its holdings in NPK International by 7.0% in the 3rd quarter. Creative Planning now owns 33,945 shares of the company’s stock worth $384,000 after acquiring an additional 2,208 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NPK International in the 3rd quarter worth approximately $28,000. Diversified Trust Co lifted its position in NPK International by 11.2% in the 3rd quarter. Diversified Trust Co now owns 27,447 shares of the company’s stock valued at $310,000 after acquiring an additional 2,763 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in NPK International in the 3rd quarter valued at approximately $33,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of NPK International in a report on Monday, December 29th. Wall Street Zen downgraded NPK International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.17.

Insiders Place Their Bets

In related news, CFO Gregg Piontek sold 108,590 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 884,326 shares of the company’s stock, valued at approximately $12,442,466.82. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $14.31, for a total transaction of $28,806.03. Following the sale, the director owned 131,333 shares of the company’s stock, valued at $1,879,375.23. This trade represents a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.90% of the stock is currently owned by corporate insiders.

NPK International Stock Up 1.3%

NPKI opened at $13.36 on Monday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 29.68 and a beta of 1.23. The firm has a 50 day moving average price of $13.83 and a 200-day moving average price of $12.53. 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.

NPK International (NYSE:NPKI) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $75.20 million for 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%. Equities research analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current year.

NPK International 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.