Harbor Capital Advisors Inc. Buys Shares of 894,793 NPK International Inc. $NPKI

Key Points

• Harbor Capital Advisors Inc. acquired 894,793 shares of NPK International Inc. during the second quarter, totaling approximately $7.6 million and accounting for 1.06% of the company's stock.
• CEO Matthew Lanigan and VP Lori Briggs sold shares of NPK International, with Lanigan selling 68,896 shares for about $712,384 and Briggs selling 8,005 shares for approximately $76,127.
• NPK International recently reported beating earnings estimates with $0.11 EPS, along with a revenue of $68.23 million for the quarter, leading to increased price targets from analysts.

Harbor Capital Advisors Inc. bought a new stake in NPK International Inc. (NYSE:NPKI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 894,793 shares of the company's stock, valued at approximately $7,615,000. Harbor Capital Advisors Inc. owned approximately 1.06% of NPK International at the end of the most recent quarter.

Insider Buying and Selling

In other news, VP Lori Briggs sold 8,005 shares of the firm's stock in a transaction that occurred 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 sale, the vice president owned 252,621 shares of the company's stock, valued at approximately $2,402,425.71. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Lanigan sold 68,896 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total transaction of $712,384.64. Following the sale, the chief executive officer directly owned 1,095,913 shares of the company's stock, valued at $11,331,740.42. The trade was a 5.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,919 shares of company stock valued at $888,289 in the last three months. Corporate insiders own 4.90% of the company's stock.

NPK International Stock Up 1.8%

Shares of NYSE:NPKI opened at $10.72 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.34 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 52-week low of $4.76 and a 52-week high of $10.78. The company has a 50 day moving average of $9.53 and a two-hundred day moving average of $7.91. The company has a market capitalization of $905.09 million, a price-to-earnings ratio of -6.38 and a beta of 2.27.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NPKI. Roth Capital reaffirmed a "buy" rating and set a $12.00 price objective (up previously from $10.00) on shares of NPK International in a research note on Tuesday, August 12th. B. Riley upped their price objective on shares of NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, NPK International presently has an average rating of "Buy" and a consensus price target 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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