Y Intercept Hong Kong Ltd Grows Holdings in Innospec Inc. $IOSP

Y Intercept Hong Kong Ltd increased its stake in Innospec Inc. (NASDAQ:IOSP) by 35.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,296 shares of the specialty chemicals company’s stock after buying an additional 8,682 shares during the period. Y Intercept Hong Kong Ltd owned 0.13% of Innospec worth $2,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Innospec by 291.0% in the 4th quarter. SG Americas Securities LLC now owns 75,814 shares of the specialty chemicals company’s stock valued at $5,803,000 after purchasing an additional 56,425 shares in the last quarter. Medina Value Partners LLC purchased a new stake in shares of Innospec during the 3rd quarter valued at $18,206,000. Numerai GP LLC grew its stake in shares of Innospec by 29.7% during the third quarter. Numerai GP LLC now owns 81,541 shares of the specialty chemicals company’s stock worth $6,292,000 after acquiring an additional 18,649 shares during the last quarter. CM Management LLC increased its holdings in shares of Innospec by 66.7% during the fourth quarter. CM Management LLC now owns 20,000 shares of the specialty chemicals company’s stock valued at $1,531,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Western Standard LLC raised its position in shares of Innospec by 894.0% in the 4th quarter. Western Standard LLC now owns 268,367 shares of the specialty chemicals company’s stock valued at $20,541,000 after purchasing an additional 241,367 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IOSP has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Innospec from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen downgraded Innospec from a “buy” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings raised Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Innospec Price Performance

IOSP opened at $81.66 on Wednesday. The firm has a fifty day moving average price of $81.01 and a 200 day moving average price of $78.70. Innospec Inc. has a 1 year low of $65.51 and a 1 year high of $92.14. The stock has a market cap of $2.01 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.29 and a beta of 0.93.

Innospec (NASDAQ:IOSP) last announced its earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. The business had revenue of $453.20 million during the quarter, compared to the consensus estimate of $432.14 million. Innospec had a return on equity of 9.32% and a net margin of 6.38%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. Equities analysts expect that Innospec Inc. will post 4.8 EPS for the current year.

Innospec Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.92 per share. This represents a yield of 239.0%. The ex-dividend date was Tuesday, May 19th. Innospec’s dividend payout ratio (DPR) is presently 40.09%.

Innospec Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.