Wellington Management Group LLP Acquires 525,718 Shares of NPK International Inc. $NPKI

Wellington Management Group LLP grew its holdings in shares of NPK International Inc. (NYSE:NPKI) by 198.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 790,335 shares of the company’s stock after purchasing an additional 525,718 shares during the quarter. Wellington Management Group LLP owned approximately 0.93% of NPK International worth $12,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of NPK International during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC purchased a new stake in shares of NPK International during the 2nd quarter worth approximately $26,000. Kestra Advisory Services LLC bought a new stake in shares of NPK International in the 4th quarter worth approximately $40,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of NPK International in the 4th quarter worth approximately $50,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

NPK International Price Performance

NYSE NPKI opened at $13.24 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.12 billion, a PE ratio of 26.48 and a beta of 1.30. NPK International Inc. has a 52 week low of $10.35 and a 52 week high of $16.50. The firm’s 50-day simple moving average is $13.81 and its two-hundred day simple moving average is $14.43.

NPK International (NYSE:NPKI) last posted its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share 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 firm had revenue of $81.58 million during the quarter. Research analysts predict that NPK International Inc. will post 0.55 earnings per share for the current year.

Insider Activity at NPK International

In other NPK International news, Director Michael A. Lewis sold 2,013 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $14.26, for a total transaction of $28,705.38. Following the sale, the director owned 135,865 shares of the company’s stock, valued at $1,937,434.90. The trade was a 1.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rose M. Robeson sold 10,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $13.49, for a total value of $134,900.00. Following the sale, the director owned 215,147 shares in the company, valued at approximately $2,902,333.03. This represents a 4.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered NPK International from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Two equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

NPK International Company 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.