Lori Briggs Sells 8,005 Shares of NPK International Inc. (NYSE:NPKI) Stock

NPK International Inc. (NYSE:NPKI - Get Free Report) VP Lori Briggs sold 8,005 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $8.57, for a total transaction of $68,602.85. Following the sale, the vice president owned 260,626 shares in the company, valued at approximately $2,233,564.82. This trade represents a 2.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $8.38, for a total transaction of $81,319.52.

NPK International Stock Performance

NYSE:NPKI traded down $0.08 during trading hours on Friday, reaching $8.54. The company's stock had a trading volume of 802,083 shares, compared to its average volume of 750,350. The company has a market capitalization of $721.80 million, a price-to-earnings ratio of -5.05 and a beta of 2.10. The firm's 50-day moving average price is $8.37. NPK International Inc. has a 1 year low of $4.76 and a 1 year high of $8.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.37.

NPK International (NYSE:NPKI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. The business had revenue of $64.78 million for the quarter, compared to analyst estimates of $56.01 million. NPK International had a negative net margin of 42.71% and a positive return on equity of 8.09%. Equities analysts anticipate that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

NPKI has been the topic of a number of analyst reports. B. Riley initiated coverage on shares of NPK International in a research report on Thursday, March 27th. They issued a "buy" rating and a $11.00 target price on the stock. HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of NPK International in a research report on Monday, May 5th.

Institutional Investors Weigh In On NPK International

A number of large investors have recently added to or reduced their stakes in the company. Diversified Trust Co bought a new stake in NPK International in the 2nd quarter worth $210,000. NorthCrest Asset Manangement LLC bought a new stake in NPK International in the 2nd quarter worth $188,000. Finally, Harbor Capital Advisors Inc. bought a new stake in NPK International in the 2nd quarter worth $7,615,000. Institutional investors own 80.81% of the company's stock.

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.