GAMMA Investing LLC Takes Position in Innospec Inc. (NASDAQ:IOSP)

GAMMA Investing LLC bought a new position in Innospec Inc. (NASDAQ:IOSP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 381 shares of the specialty chemicals company’s stock, valued at approximately $44,000.

A number of other institutional investors have also recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of Innospec in the 3rd quarter valued at $1,978,000. Bahl & Gaynor Inc. lifted its stake in Innospec by 112.1% during the third quarter. Bahl & Gaynor Inc. now owns 34,824 shares of the specialty chemicals company’s stock worth $3,559,000 after purchasing an additional 18,407 shares during the period. Acadian Asset Management LLC boosted its holdings in Innospec by 19.7% during the third quarter. Acadian Asset Management LLC now owns 111,652 shares of the specialty chemicals company’s stock valued at $11,393,000 after purchasing an additional 18,371 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Innospec in the 3rd quarter valued at approximately $1,490,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Innospec in the 4th quarter worth approximately $1,528,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Activity at Innospec

In other news, Director Leslie J. Parrette acquired 410 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average cost of $123.96 per share, with a total value of $50,823.60. Following the completion of the purchase, the director now owns 3,620 shares of the company’s stock, valued at $448,735.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Hardy Louis Griffin III sold 1,875 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $122.07, for a total value of $228,881.25. Following the completion of the sale, the senior vice president now directly owns 5,000 shares in the company, valued at $610,350. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leslie J. Parrette purchased 410 shares of Innospec stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $123.96 per share, for a total transaction of $50,823.60. Following the transaction, the director now owns 3,620 shares in the company, valued at $448,735.20. The disclosure for this purchase can be found here. Insiders sold 36,500 shares of company stock valued at $4,532,959 in the last ninety days. Insiders own 1.52% of the company’s stock.

Innospec Price Performance

Shares of IOSP stock opened at $121.71 on Friday. The stock’s fifty day simple moving average is $123.98 and its 200 day simple moving average is $116.63. Innospec Inc. has a one year low of $91.74 and a one year high of $131.18. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 21.85 and a beta of 1.11.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, February 13th. The specialty chemicals company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.25. Innospec had a return on equity of 13.69% and a net margin of 7.14%. The company had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $479.47 million. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. On average, research analysts anticipate that Innospec Inc. will post 6.77 earnings per share for the current year.

About Innospec

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.