Empowered Funds LLC Reduces Stake in NPK International Inc. $NPKI

Key Points

• Empowered Funds LLC cut its NPK International stake by 86.8% in the first quarter, selling 325,883 shares and retaining 49,740 shares worth approximately $721,000. Institutional investors collectively own 80.81% of the company.
• NPK International reported quarterly EPS of $0.15, beating analyst expectations of $0.13, on revenue of $81.58 million. Analysts expect full-year EPS of $0.55.
• NPKI has a “Moderate Buy” consensus rating from analysts, with an average price target of $15.00 versus its recent opening price of $13.52; insiders sold $2.72 million in stock over the past three months.

Empowered Funds LLC cut its holdings in shares of NPK International Inc. (NYSE:NPKI - Free Report) by 86.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,740 shares of the company's stock after selling 325,883 shares during the period. Empowered Funds LLC owned 0.06% of NPK International worth $721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in 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 purchased a new position in NPK International during the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC bought a new position in NPK International in the 2nd quarter worth $26,000. Kestra Advisory Services LLC bought a new position in NPK International in the 4th quarter worth $40,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of NPK International in the 4th quarter worth about $50,000. Institutional investors own 80.81% of the company's stock.

NPK International Price Performance

Shares of NPKI stock opened at $13.52 on Tuesday. The business's fifty day moving average is $14.40 and its 200 day moving average is $14.50. 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 stock has a market cap of $1.15 billion, a price-to-earnings ratio of 27.04 and a beta of 1.26. NPK International Inc. has a twelve month low of $9.26 and a twelve month high of $16.50.

NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 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 business had revenue of $81.58 million during the quarter. Research analysts expect that NPK International Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NPKI has been the topic of a number of research reports. Weiss Ratings lowered shares of NPK International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, June 30th. B. Riley Financial reissued a "buy" rating on shares of NPK International in a research note on Monday, May 4th. Three 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 stock has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Insider Buying and Selling

In other NPK International news, Director Michael A. Lewis sold 2,013 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $15.30, for a total value of $30,798.90. Following the sale, the director owned 129,320 shares in the company, valued at approximately $1,978,596. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Lori Briggs sold 10,446 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $14.58, for a total transaction of $152,302.68. Following the transaction, the vice president directly owned 255,490 shares of the company's stock, valued at $3,725,044.20. This represents a 3.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 188,159 shares of company stock worth $2,721,117 in the last three months. 4.20% of the stock is owned by corporate insiders.

About NPK International

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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