Diversified Trust Co Purchases New Holdings in NPK International Inc. $NPKI

Key Points

• Diversified Trust Co acquired a new stake in NPK International Inc. by purchasing 24,684 shares valued at approximately $210,000 during the second quarter.
• Insiders, including VP Lori Briggs and CEO Matthew Lanigan, sold significant amounts of stock recently, indicating a decrease in their ownership positions.
• NPK International reported a positive earnings surprise, with $0.11 earnings per share for the quarter, beating estimates, while analysts set a consensus target price of $12.17 for the stock.

Diversified Trust Co purchased a new stake in shares of NPK International Inc. (NYSE:NPKI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,684 shares of the company's stock, valued at approximately $210,000.

Separately, NorthCrest Asset Manangement LLC purchased a new stake in shares of NPK International during the 2nd quarter valued at $188,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Lori Briggs sold 8,005 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $9.51, for a total transaction of $76,127.55. Following the completion of the transaction, the vice president directly owned 252,621 shares in the company, valued at $2,402,425.71. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Lanigan sold 68,896 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 1,095,913 shares of the company's stock, valued at $11,331,740.42. This trade represents a 5.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,919 shares of company stock valued at $888,289 over the last 90 days. Company insiders own 4.90% of the company's stock.

NPK International Stock Down 0.8%

NPKI stock opened at $11.12 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $938.86 million, a PE ratio of -6.62 and a beta of 2.27. NPK International Inc. has a twelve month low of $4.76 and a twelve month high of $11.43. The stock has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $8.13.

NPK International (NYSE:NPKI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $68.23 million during the quarter, compared to analyst estimates of $59.75 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. NPK International has set its FY 2025 guidance at EPS. On average, equities analysts predict that NPK International Inc. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

NPKI has been the subject of several research analyst reports. Roth Capital reaffirmed a "buy" rating and set a $12.00 target price (up from $10.00) on shares of NPK International in a research report on Tuesday, August 12th. B. Riley raised their price objective on shares of NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, NPK International currently has an average rating of "Buy" and a consensus target price 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.

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