Summit Creek Advisors LLC Purchases 243,674 Shares of NPK International Inc. $NPKI

Key Points

• Summit Creek Advisors opened a position in NPK International, buying 243,674 shares worth about $2.78 million, or roughly 0.29% of the company. Institutional investors and hedge funds collectively own 80.81% of its shares.
• Analysts give NPK International a consensus “Moderate Buy” rating and a $15 average price target; B. Riley lowered its target from $21 to $15. The company’s latest quarterly EPS of $0.09 missed the $0.12 consensus estimate.
• Director John C. Minge bought 15,000 shares at an average price of $9.24, while another director sold shares under a pre-arranged trading plan. Insiders sold 15,004 shares worth about $203,715 over the past 90 days.

Summit Creek Advisors LLC purchased a new stake in NPK International Inc. (NYSE:NPKI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 243,674 shares of the company's stock, valued at approximately $2,783,000. Summit Creek Advisors LLC owned about 0.29% of NPK International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its holdings in NPK International by 46.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,539,088 shares of the company's stock worth $22,301,000 after purchasing an additional 486,846 shares during the last quarter. Electron Capital Partners LLC acquired a new stake in shares of NPK International during the 1st quarter worth approximately $15,938,000. Sei Investments Co. grew its position in shares of NPK International by 121.6% during the 1st quarter. Sei Investments Co. now owns 837,157 shares of the company's stock worth $12,130,000 after buying an additional 459,328 shares during the period. Tieton Capital Management LLC bought a new stake in shares of NPK International during the second quarter worth approximately $13,060,000. Finally, Wellington Management Group LLP raised its stake in shares of NPK International by 198.7% during the second quarter. Wellington Management Group LLP now owns 790,335 shares of the company's stock worth $12,574,000 after buying an additional 525,718 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NPKI shares. B. Riley Financial reduced their price objective on shares of NPK International from $21.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, November 2nd. Weiss Ratings cut shares of NPK International from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, November 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, NPK International presently has an average rating of "Moderate Buy" and an average price target of $15.00.

Insider Activity at NPK International

In other news, Director John C. Minge acquired 15,000 shares of NPK International stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $9.24 per share, with a total value of $138,600.00. Following the completion of the transaction, the director directly owned 268,942 shares of the company's stock, valued at approximately $2,485,024.08. This represents a 5.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Lewis sold 2,013 shares of NPK International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $14.26, for a total value of $28,705.38. Following the completion of the sale, the director directly owned 135,865 shares in the company, valued at approximately $1,937,434.90. This represents a 1.46% 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. Insiders have sold 15,004 shares of company stock worth $203,715 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

NPK International Trading Up 0.1%

NYSE:NPKI opened at $8.63 on Friday. NPK International Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 1.38. The stock has a market capitalization of $724.31 million, a PE ratio of 17.26 and a beta of 1.54. The business's 50-day simple moving average is $11.61 and its 200-day simple moving average is $13.72.

NPK International (NYSE:NPKI - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The business had revenue of $76.28 million for the quarter. NPK International had a return on equity of 11.57% and a net margin of 14.00%. Sell-side analysts expect that NPK International Inc. will post 0.48 earnings per share for the current fiscal year.

About NPK International

NPK International is an industrial equipment company focused on attachments and related systems used with excavators and other heavy construction machinery. Through its operating businesses, the company designs, manufactures and distributes equipment for construction, demolition, recycling, mining, utility and material-handling applications.

Its product portfolio includes hydraulic breakers and hammers, concrete crushers and pulverizers, demolition shears, grapples, compactors, augers and other specialized attachments.

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