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

Key Points

• Lori Briggs, VP of NPK International Inc., sold 8,005 shares of the company stock at an average price of $9.51, resulting in a total value of $76,127.55.
• Following this sale, Briggs's ownership in NPK International decreased by 3.07%, leaving her with 252,621 shares valued at approximately $2.4 million.
• NPK International's stock has recently been rated with a "buy" by analysts, with target prices set between $12.00 and $12.50.

NPK International Inc. (NYSE:NPKI - Get Free Report) VP Lori Briggs sold 8,005 shares of NPK International stock in a transaction on Monday, August 11th. The shares were sold at an average price of $9.51, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, July 9th, Lori Briggs sold 8,005 shares of NPK International stock. The shares were sold at an average price of $8.57, for a total value of $68,602.85.
• 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 value of $81,319.52.

NPK International Trading Up 3.8%

NPK International stock traded up $0.36 during midday trading on Tuesday, reaching $9.85. The stock had a trading volume of 1,217,812 shares, compared to its average volume of 968,247. NPK International Inc. has a 12 month low of $4.76 and a 12 month high of $9.90. The company has a market cap of $831.64 million, a P/E ratio of 30.61 and a beta of 2.19. The business has a fifty day moving average price of $8.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.34 and a quick ratio of 2.08.

NPK International (NYSE:NPKI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $68.23 million during the quarter, compared to analyst estimates of $59.75 million. NPK International had a positive return on equity of 8.29% and a negative net margin of 62.59%. On average, equities research analysts predict that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NPK International

A number of hedge funds and other institutional investors have recently modified their holdings of NPKI. American Century Companies Inc. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $22,351,000. Geode Capital Management LLC purchased a new position in shares of NPK International in the 2nd quarter worth approximately $19,874,000. Tieton Capital Management LLC purchased a new position in shares of NPK International in the 2nd quarter worth approximately $8,331,000. Harbor Capital Advisors Inc. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $7,615,000. Finally, Franklin Resources Inc. purchased a new position in shares of NPK International in the 2nd quarter worth approximately $3,683,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

Analyst Upgrades and Downgrades

NPKI has been the topic of several recent research reports. HC Wainwright reissued a "buy" rating and set a $12.00 price objective on shares of NPK International in a report on Monday, May 5th. B. Riley lifted their target price on NPK International from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Roth Capital reaffirmed a "buy" rating and set a $12.00 target price (up from $10.00) on shares of NPK International in a report on Tuesday.

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.

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