Tieton Capital Management LLC Makes New $13.06 Million Investment in NPK International Inc. $NPKI

Tieton Capital Management LLC acquired a new position in shares of NPK International Inc. (NYSE:NPKI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 820,845 shares of the company’s stock, valued at approximately $13,060,000. NPK International accounts for approximately 3.8% of Tieton Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Tieton Capital Management LLC owned 0.97% of NPK International as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of NPK International by 26,725.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after acquiring an additional 2,138 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of NPK International during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of NPK International in the 2nd quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new position in shares of NPK International in the 4th quarter valued at about $40,000. Finally, Los Angeles Capital Management LLC acquired a new position in NPK International in the 4th quarter worth about $50,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew Lanigan sold 167,375 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total transaction of $2,415,221.25. Following the completion of the sale, the chief executive officer owned 254,699 shares of the company’s stock, valued at approximately $3,675,306.57. This represents a 39.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $14.26, for a total transaction of $28,705.38. Following the completion of the sale, the director owned 135,865 shares of the company’s stock, valued at approximately $1,937,434.90. The trade was a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 188,159 shares of company stock worth $2,719,023. 4.20% of the stock is owned by insiders.

NPK International Stock Performance

NYSE NPKI opened at $14.04 on Thursday. The stock’s 50 day simple moving average is $14.32 and its 200-day simple moving average is $14.51. NPK International Inc. has a 1-year low of $9.65 and a 1-year high of $16.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.40. The company has a market cap of $1.19 billion, a PE ratio of 28.07 and a beta of 1.26.

NPK International (NYSE:NPKI) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. NPK International had a net margin of 14.19% and a return on equity of 11.31%. The company had revenue of $81.58 million for the quarter. As a group, equities research analysts anticipate that NPK International Inc. will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NPKI has been the subject of a number of recent analyst reports. Weiss Ratings cut NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial reissued a “buy” rating on shares of NPK International in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.