Innospec Director Buys $64,252 in Stock (IOSP)
Innospec (NASDAQ:IOSP) Director Hugh Aldous acquired 1,590 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $40.41 per share, for a total transaction of $64,251.90. Following the transaction, the director now directly owns 13,588 shares of the company’s stock, valued at approximately $549,091. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Innospec (NASDAQ:IOSP) opened at 40.70 on Thursday. Innospec has a 52-week low of $39.13 and a 52-week high of $49.41. The stock has a 50-day moving average of $41.06 and a 200-day moving average of $42.84. The company has a market cap of $993.6 million and a price-to-earnings ratio of 12.85.
Innospec (NASDAQ:IOSP) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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 $2.94 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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