GAMMA Investing LLC Boosts Stake in Innovex International, Inc. (NYSE:INVX)

GAMMA Investing LLC boosted its stake in Innovex International, Inc. (NYSE:INVX) by 169.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,101 shares of the company’s stock after buying an additional 1,322 shares during the quarter. GAMMA Investing LLC’s holdings in Innovex International were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bridge City Capital LLC lifted its stake in Innovex International by 1.0% in the 1st quarter. Bridge City Capital LLC now owns 199,235 shares of the company’s stock valued at $3,578,000 after buying an additional 1,907 shares in the last quarter. Wellington Management Group LLP purchased a new position in Innovex International in the 4th quarter valued at about $1,665,000. Two Sigma Advisers LP purchased a new position in Innovex International in the 4th quarter valued at about $162,000. Two Sigma Investments LP lifted its stake in Innovex International by 5.4% in the 4th quarter. Two Sigma Investments LP now owns 51,902 shares of the company’s stock valued at $725,000 after buying an additional 2,651 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in Innovex International in the 4th quarter valued at about $145,000.

Wall Street Analysts Forecast Growth

INVX has been the topic of a number of research reports. Barclays decreased their target price on shares of Innovex International from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Innovex International from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Johnson Rice raised Innovex International to a “strong-buy” rating in a report on Friday, May 30th.

Innovex International Price Performance

NYSE:INVX opened at $16.25 on Friday. Innovex International, Inc. has a one year low of $11.93 and a one year high of $19.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.34. The stock has a market cap of $1.12 billion, a PE ratio of 6.20 and a beta of 0.82. The stock has a 50 day moving average price of $15.39 and a 200 day moving average price of $16.00.

Innovex International (NYSE:INVX) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The company had revenue of $240.42 million during the quarter, compared to analyst estimates of $247.73 million. Innovex International had a net margin of 16.68% and a return on equity of 7.14%.

About Innovex International

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.