Walleye Capital LLC Invests $847,000 in NPK International Inc. $NPKI

Walleye Capital LLC purchased a new position in NPK International Inc. (NYSE:NPKI) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 58,425 shares of the company’s stock, valued at approximately $847,000. Walleye Capital LLC owned about 0.07% of NPK International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NPKI. Caitong International Asset Management Co. Ltd increased its holdings in NPK International by 26,725.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,146 shares of the company’s stock worth $26,000 after buying an additional 2,138 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in NPK International in the second quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in NPK International in the third quarter valued at about $28,000. Federated Hermes Inc. purchased a new position in NPK International in the second quarter valued at about $39,000. Finally, Kestra Advisory Services LLC bought a new position in shares of NPK International during the 4th quarter valued at approximately $40,000. Institutional investors own 80.81% of the company’s stock.

NPK International Price Performance

NYSE NPKI opened at $14.25 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.20 billion, a PE ratio of 30.98 and a beta of 1.22. NPK International Inc. has a 52 week low of $8.63 and a 52 week high of $16.50. The firm’s 50-day simple moving average is $14.85 and its two-hundred day simple moving average is $14.49.

NPK International (NYSE:NPKI) last posted its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. NPK International had a net margin of 13.71% and a return on equity of 10.56%. The firm had revenue of $75.07 million during the quarter. Research analysts predict that NPK International Inc. will post 0.54 earnings per share for the current year.

Insider Activity at NPK International

In related news, CEO Matthew Lanigan sold 167,375 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $14.43, for a total value of $2,415,221.25. Following the completion of the transaction, the chief executive officer directly owned 254,699 shares of the company’s stock, valued at approximately $3,675,306.57. This trade represents a 39.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $30,798.90. Following the completion of the transaction, the director owned 129,320 shares of the company’s stock, valued at $1,978,596. This represents a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 188,159 shares of company stock worth $2,721,117. 4.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NPKI has been the topic of a number of research reports. B. Riley Financial reaffirmed a “buy” rating on shares of NPK International in a report on Monday, May 4th. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

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.