Matthew Lanigan Sells 68,896 Shares of NPK International (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI) CEO Matthew Lanigan sold 68,896 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the sale, the chief executive officer owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

NPK International Trading Down 0.3%

NPKI opened at $10.32 on Thursday. The company’s 50 day moving average is $9.05 and its 200-day moving average is $7.54. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 1-year low of $4.76 and a 1-year high of $10.43. The company has a market cap of $871.32 million, a P/E ratio of -6.14 and a beta of 2.19.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $68.23 million for the quarter, compared to analysts’ expectations of $59.75 million. NPK International had a negative net margin of 62.59% and a positive return on equity of 8.29%. NPK International has set its FY 2025 guidance at EPS. Equities research analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of NPK International

Several institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co bought a new stake in shares of NPK International in the 2nd quarter worth $664,000. Tower Research Capital LLC TRC bought a new stake in shares of NPK International in the 2nd quarter worth $98,000. Cannell Capital LLC bought a new stake in shares of NPK International in the 2nd quarter worth $12,917,000. Conversant Capital LLC bought a new stake in shares of NPK International in the 2nd quarter worth $23,103,000. Finally, Captrust Financial Advisors bought a new stake in shares of NPK International in the 2nd quarter worth $165,000. Institutional investors own 80.81% of the company’s stock.

Analyst Ratings Changes

NPKI has been the subject of a number of research reports. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of NPK International in a research note on Monday, May 5th. B. Riley lifted their price target 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. Finally, Roth Capital restated a “buy” rating and set a $12.00 price target (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.17.

About NPK International

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.