Newbridge Financial Services Group Inc. Makes New Investment in National Presto Industries, Inc. (NYSE:NPK)

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

Several other institutional investors and hedge funds have also modified their holdings of NPK. Sanctuary Advisors LLC acquired a new stake in National Presto Industries during the 2nd quarter worth approximately $267,000. SG Americas Securities LLC acquired a new stake in shares of National Presto Industries during the third quarter worth $193,000. Exchange Traded Concepts LLC raised its holdings in shares of National Presto Industries by 12.6% during the third quarter. Exchange Traded Concepts LLC now owns 22,942 shares of the conglomerate’s stock worth $1,724,000 after acquiring an additional 2,571 shares during the period. nVerses Capital LLC bought a new stake in National Presto Industries in the 3rd quarter valued at $30,000. Finally, International Assets Investment Management LLC boosted its stake in National Presto Industries by 7,414.0% in the 3rd 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 currently owned by institutional investors and hedge funds.

National Presto Industries Stock Performance

NYSE 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’s 50 day moving average price is $95.16 and its two-hundred day moving average price is $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.

Wall Street Analyst Weigh In

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

National Presto Industries Company Profile

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.