894,793 Shares in NPK International Inc. $NPKI Purchased by Harbor Capital Advisors Inc.

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. acquired a new stake in NPK International Inc. (NYSE:NPKI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 894,793 shares of the company's stock, valued at approximately $7,615,000. Harbor Capital Advisors Inc. owned about 1.06% of NPK International at the end of the most recent quarter.

Insider Buying and Selling

In other NPK International news, VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction on Monday, August 11th. The stock was 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 owned 252,621 shares in the company, valued at approximately $2,402,425.71. The trade was a 3.07% decrease in their ownership of the stock. The sale 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 stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $10.34, for a total value of $712,384.64. Following the completion of the sale, the chief executive officer directly owned 1,095,913 shares in the company, valued at approximately $11,331,740.42. This represents a 5.91% decrease in their ownership of the stock. 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 ninety days. Insiders own 4.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NPKI. Roth Capital reaffirmed a "buy" rating and set a $12.00 target price (up previously from $10.00) on shares of NPK International in a report on Tuesday, August 12th. B. Riley boosted their price target on shares of NPK International from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $12.17.

NPK International Stock Down 1.3%

Shares of NYSE NPKI traded down $0.14 during mid-day trading on Friday, hitting $10.90. 1,180,187 shares of the stock traded hands, compared to its average volume of 650,107. The stock has a fifty day moving average price of $9.72 and a 200-day moving average price of $8.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.08 and a current ratio of 2.34. The company has a market cap of $920.29 million, a price-to-earnings ratio of -6.49 and a beta of 2.27. NPK International Inc. has a 52 week low of $4.76 and a 52 week high of $11.08.

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

NPK International Company Profile

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.