John Minge Bought 5.9% More Shares In NPK International

Investors who take an interest in NPK International Inc. (NYSE:NPKI) should definitely note that the Independent Director, John Minge, recently paid US$9.24 per share to buy US$139k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 5.9%.

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NPK International Insider Transactions Over The Last Year

In fact, the recent purchase by John Minge was the biggest purchase of NPK International shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$8.62. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was John Minge.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for NPK International

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Insider Ownership Of NPK International

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.8% of NPK International shares, worth about US$36m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About NPK International Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Insiders likely see value in NPK International shares, given these transactions (along with notable insider ownership of the company). Therefore, you should definitely take a look at this FREE report showing analyst forecasts for NPK International.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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