Dimensional Fund Advisors LP Sells 482,892 Shares of NPK International Inc. $NPKI

Key Points

• Dimensional Fund Advisors reduced its NPK International stake by 482,892 shares, or 10.8%, leaving it with 3.98 million shares worth approximately $57.7 million. Institutional investors collectively own 80.81% of the company.
• Analysts maintain a generally positive view, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $14.17.
• NPK International reported quarterly EPS of $0.15, topping the $0.13 consensus estimate, on revenue of $81.58 million. However, insiders sold 188,159 shares worth about $2.72 million over the past 90 days.

Dimensional Fund Advisors LP lessened its holdings in NPK International Inc. (NYSE:NPKI - Free Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,983,658 shares of the company's stock after selling 482,892 shares during the quarter. Dimensional Fund Advisors LP owned 4.72% of NPK International worth $57,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NPKI. Sigma Planning Corp bought a new stake in shares of NPK International during the 1st quarter worth $869,000. Fifth Third Bancorp bought a new position in NPK International in the first quarter valued at about $73,000. Hsbc Holdings PLC raised its stake in NPK International by 272.2% during the first quarter. Hsbc Holdings PLC now owns 52,549 shares of the company's stock worth $764,000 after acquiring an additional 38,429 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in NPK International by 4.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 110,282 shares of the company's stock worth $1,598,000 after acquiring an additional 4,666 shares in the last quarter. Finally, MQS Management LLC lifted its holdings in shares of NPK International by 16.4% in the first quarter. MQS Management LLC now owns 13,938 shares of the company's stock worth $202,000 after acquiring an additional 1,967 shares during the last quarter. Institutional investors own 80.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NPKI. B. Riley Financial restated a "buy" rating on shares of NPK International in a research note on Monday, May 4th. Weiss Ratings cut shares of NPK International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.17.

Insiders Place Their Bets

In other NPK International news, VP Lori Briggs sold 8,325 shares of the company's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $14.75, for a total value of $122,793.75. Following the completion of the transaction, the vice president directly owned 247,165 shares in the company, valued at approximately $3,645,683.75. This represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Lanigan sold 167,375 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 254,699 shares of the company's stock, valued at $3,675,306.57. The trade was a 39.66% 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. Insiders have sold 188,159 shares of company stock valued at $2,721,117 in the last ninety days. 4.20% of the stock is currently owned by insiders.

NPK International Stock Performance

Shares of NPKI stock opened at $12.50 on Friday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.00 and a beta of 1.22. The company has a current ratio of 1.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $14.60 and its 200-day moving average price is $14.50. NPK International Inc. has a 12 month low of $8.63 and a 12 month high of $16.50.

NPK International (NYSE:NPKI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. NPK International had a return on equity of 11.31% and a net margin of 14.19%.The company had revenue of $81.58 million during the quarter. Equities research analysts forecast that NPK International Inc. will post 0.55 EPS for the current year.

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.

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