Insider Buying: Hugh Aldous Purchases 1,590 Shares of Innospec Stock (IOSP)
Innospec (NASDAQ:IOSP) Director Hugh Aldous acquired 1,590 shares of Innospec stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average price of $40.41 per share, with a total value of $64,251.90. Following the transaction, the director now directly owns 13,588 shares in the company, valued at approximately $549,091. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Innospec (NASDAQ:IOSP) opened at 40.48 on Tuesday. Innospec has a 1-year low of $39.13 and a 1-year high of $49.41. The stock’s 50-day moving average is $41.21 and its 200-day moving average is $42.86. The company has a market cap of $988.2 million and a price-to-earnings ratio of 12.59.
Innospec (NASDAQ:IOSP) last announced its earnings results on Tuesday, August 5th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.09. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $216.90 million. Analysts expect that Innospec will post $2.97 EPS for the current fiscal year.
Innospec Inc (NASDAQ:IOSP) develops, manufactures, blends and markets fuel additives, personal care and fragrance products and other specialty chemicals.
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