Newbridge Financial Services Group Inc. Takes Position in National Presto Industries, Inc. (NYSE:NPK)

Newbridge Financial Services Group Inc. purchased a new position in shares of National Presto Industries, Inc. (NYSE:NPK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 800 shares of the conglomerate’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of National Presto Industries in the second quarter valued at approximately $267,000. SG Americas Securities LLC acquired a new position in shares of National Presto Industries in the third quarter valued at about $193,000. Exchange Traded Concepts LLC raised its position in shares of National Presto Industries by 12.6% in the third quarter. Exchange Traded Concepts LLC now owns 22,942 shares of the conglomerate’s stock valued at $1,724,000 after buying an additional 2,571 shares in the last quarter. nVerses Capital LLC acquired a new position in National Presto Industries in the 3rd quarter valued at $30,000. Finally, International Assets Investment Management LLC lifted its position in National Presto Industries by 7,414.0% during the third quarter. International Assets Investment Management LLC now owns 22,542 shares of the conglomerate’s stock worth $1,694,000 after purchasing an additional 22,242 shares during the period. 58.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded National Presto Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

National Presto Industries Stock Performance

Shares of NPK opened at $95.77 on Tuesday. National Presto Industries, Inc. has a 52 week low of $69.58 and a 52 week high of $99.50. The stock has a fifty day moving average of $95.16 and a 200-day moving average of $82.03. The stock has a market capitalization of $679.95 million, a price-to-earnings ratio of 20.16 and a beta of 0.53.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.