Gregg Piontek Sells 35,000 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) CFO Gregg Piontek sold 35,000 shares of NPK International stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $14.51, for a total transaction of $507,850.00. Following the transaction, the chief financial officer directly owned 834,326 shares in the company, valued at approximately $12,106,070.26. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregg Piontek also recently made the following trade(s):

• On Wednesday, March 4th, Gregg Piontek sold 108,590 shares of NPK International stock. The stock was sold at an average price of $14.07, for a total transaction of $1,527,861.30.

NPK International Stock Performance

Shares of NPKI stock opened at $14.44 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.22 billion, a PE ratio of 32.08 and a beta of 1.26. The company’s fifty day simple moving average is $14.13 and its 200-day simple moving average is $12.91. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $15.96.

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

Institutional Trading of NPK International

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC acquired a new position in shares of NPK International in the 4th quarter valued at about $169,000. Aristides Capital LLC acquired a new stake in NPK International during the fourth quarter worth about $188,000. Mercer Global Advisors Inc. ADV raised its stake in NPK International by 6.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 24,363 shares of the company’s stock worth $290,000 after acquiring an additional 1,478 shares during the period. nVerses Capital LLC bought a new position in NPK International in the fourth quarter worth about $146,000. Finally, Voloridge Investment Management LLC bought a new position in NPK International in the fourth quarter worth about $992,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NPKI shares. Wall Street Zen cut NPK International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Three investment 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 an average rating of “Moderate Buy” and a consensus target price of $14.17.

About NPK International

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.