Rk Asset Management Lowers stake in National Presto Industries (NPK)

National Presto Industries (NPK) : Rk Asset Management reduced its stake in National Presto Industries by 4.95% during the most recent quarter end. The investment management company now holds a total of 89,734 shares of National Presto Industries which is valued at $7,718,021 after selling 4,670 shares in National Presto Industries , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.National Presto Industries makes up approximately 7.05% of Rk Asset Management’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in NPK by selling 742 shares or 49.07% in the most recent quarter. The Hedge Fund company now holds 770 shares of NPK which is valued at $66,567.

National Presto Industries closed down -1.57 points or -1.83% at $84.44 with 32,682 shares getting traded on Tuesday. Post opening the session at $86.18, the shares hit an intraday low of $83.53 and an intraday high of $86.3 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

National Presto Industries Inc. (National Presto) manufactures pressure cookers and canners ammunition and private label adult incontinence products. The Company operates in three segments which include Housewares/Small Appliance segment which designs markets and distributes housewares and small electrical appliances including pressure cookers and canners kitchen electrics and comfort appliances; Defense segment manufactures 40 millimeter (mm) ammunition precision mechanical and electro-mechanical assemblies medium caliber cartridge cases; performs Load Assemble and Pack (LAP) operations on ordnance-related products primarily for the United States Government and prime contractors; produces and sells a range of less lethal products and support accessories and provides training for the use of less lethal products and Absorbent Products segment which manufactures and sells private label and branded adult incontinence products.

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