NPK International Inc. (NYSE:NPKI) VP Sells $68,602.85 in Stock

NPK International Inc. (NYSE:NPKI - Get Free Report) VP Lori Briggs sold 8,005 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $8.57, for a total transaction of $68,602.85. Following the completion of the transaction, the vice president directly owned 260,626 shares of the company's stock, valued at approximately $2,233,564.82. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Lori Briggs also recently made the following trade(s):

• On Friday, June 6th, Lori Briggs sold 9,704 shares of NPK International stock. The shares were sold at an average price of $8.38, for a total transaction of $81,319.52.

NPK International Price Performance

NPKI stock traded down $0.08 during midday trading on Friday, hitting $8.54. The stock had a trading volume of 802,083 shares, compared to its average volume of 750,350. The company has a market cap of $721.80 million, a price-to-earnings ratio of -5.05 and a beta of 2.10. The company has a current ratio of 2.60, a quick ratio of 2.37 and a debt-to-equity ratio of 0.02. NPK International Inc. has a 12-month low of $4.76 and a 12-month high of $8.88. The business has a 50-day moving average price of $8.37.

NPK International (NYSE:NPKI - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $64.78 million during the quarter, compared to analysts' expectations of $56.01 million. NPK International had a negative net margin of 42.71% and a positive return on equity of 8.09%. As a group, sell-side analysts anticipate that NPK International Inc. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NPKI shares. B. Riley assumed coverage on shares of NPK International in a report on Thursday, March 27th. They issued a "buy" rating and a $11.00 target price for the company. HC Wainwright reissued a "buy" rating and set a $12.00 price objective on shares of NPK International in a research note on Monday, May 5th.

Institutional Trading of NPK International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of NPK International in the 2nd quarter valued at $7,615,000. NorthCrest Asset Manangement LLC acquired a new position in shares of NPK International in the 2nd quarter valued at $188,000. Finally, Diversified Trust Co acquired a new position in shares of NPK International in the 2nd quarter valued at $210,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

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.