Public Employees Retirement System of Ohio Invests $458,000 in NPK International Inc. $NPKI

Key Points

• The Public Employees Retirement System of Ohio invested approximately $458,000 in NPK International Inc. during the second quarter, acquiring 53,788 shares and owning about 0.06% of the company.
• Analysts have a consensus rating of "Moderate Buy" for NPK International, with price targets ranging from $12.00 to $12.50, following recent upgrades from several research firms.
• Insider selling activity includes Vice President Lori Briggs and CEO Matthew Lanigan selling shares, with total insider sales amounting to $888,289 over the last quarter.

Public Employees Retirement System of Ohio bought a new stake in shares of NPK International Inc. (NYSE:NPKI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 53,788 shares of the company's stock, valued at approximately $458,000. Public Employees Retirement System of Ohio owned approximately 0.06% of NPK International at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in NPK International during the second quarter valued at $66,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of NPK International in the second quarter worth approximately $188,000. Diversified Trust Co acquired a new stake in shares of NPK International in the second quarter worth approximately $210,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of NPK International during the second quarter worth approximately $7,615,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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 research note on Tuesday, August 12th. B. Riley raised their price target on shares of NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of NPK International in a research note on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.17.

Insider Buying and Selling

In related news, VP Lori Briggs sold 8,005 shares of the firm's stock in a transaction dated 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 sale, the vice president directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Lanigan sold 68,896 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $10.34, for a total transaction of $712,384.64. Following the completion of the sale, the chief executive officer owned 1,095,913 shares in the company, valued at approximately $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 sold 87,919 shares of company stock worth $888,289 over the last quarter. 4.90% of the stock is currently owned by insiders.

NPK International Trading Down 1.2%

Shares of NPKI opened at $11.16 on Monday. NPK International Inc. has a 12-month low of $4.76 and a 12-month high of $11.74. The firm has a market capitalization of $941.82 million, a P/E ratio of -6.64 and a beta of 2.10. The firm has a 50-day moving average price of $10.25 and a 200 day moving average price of $8.43. The company has a current ratio of 2.34, a quick ratio of 2.08 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $68.23 million for the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that NPK International Inc. will post 0.39 EPS for the current year.

NPK International 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.

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