Quest Partners LLC Takes $304,000 Position in Innospec Inc. (NASDAQ:IOSP)

Quest Partners LLC bought a new stake in Innospec Inc. (NASDAQ:IOSP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,470 shares of the specialty chemicals company’s stock, valued at approximately $304,000.

A number of other institutional investors also recently modified their holdings of IOSP. GAMMA Investing LLC bought a new position in Innospec in the 4th quarter worth approximately $44,000. Tocqueville Asset Management L.P. bought a new position in Innospec in the 3rd quarter worth approximately $203,000. Stonegate Investment Group LLC bought a new position in Innospec in the 4th quarter worth approximately $204,000. Evergreen Capital Management LLC raised its position in Innospec by 10.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 2,210 shares of the specialty chemicals company’s stock worth $226,000 after purchasing an additional 205 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Innospec by 5.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the specialty chemicals company’s stock worth $242,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Innospec Stock Performance

IOSP opened at $129.49 on Friday. Innospec Inc. has a 52 week low of $91.74 and a 52 week high of $133.71. The firm has a market capitalization of $3.23 billion, a PE ratio of 21.98 and a beta of 1.11. The company has a fifty day moving average price of $125.28 and a two-hundred day moving average price of $119.79.

Innospec (NASDAQ:IOSP) last announced its earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $500.20 million during the quarter, compared to analyst estimates of $508.15 million. Innospec had a net margin of 7.60% and a return on equity of 14.22%. Equities analysts forecast that Innospec Inc. will post 6.7 EPS for the current year.

Innospec Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a $0.72 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, May 17th. Innospec’s payout ratio is presently 25.81%.

Insider Buying and Selling

In related news, CFO Ian Cleminson sold 931 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $124.07, for a total value of $115,509.17. Following the completion of the transaction, the chief financial officer now directly owns 22,996 shares of the company’s stock, valued at approximately $2,853,113.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Innospec news, CFO Ian Cleminson sold 931 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $124.07, for a total transaction of $115,509.17. Following the sale, the chief financial officer now directly owns 22,996 shares of the company’s stock, valued at approximately $2,853,113.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David B. Jones sold 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $125.79, for a total transaction of $314,475.00. Following the sale, the senior vice president now directly owns 9,664 shares in the company, valued at $1,215,634.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,578 shares of company stock valued at $2,197,841. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Innospec from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th.

Innospec Profile

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.