Milton C. Blackmore Purchases 442 Shares of Innospec Inc. (IOSP) Stock
Innospec Inc. (NASDAQ:IOSP) Director Milton C. Blackmore bought 442 shares of Innospec stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $54.75 per share, for a total transaction of $24,199.50. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $328,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Innospec Inc. (IOSP) traded up 2.76% during trading on Friday, reaching $55.75. 10,376 shares of the company traded hands. Innospec Inc. has a 12-month low of $54.10 and a 12-month high of $74.75. The company has a 50 day moving average price of $58.99 and a 200 day moving average price of $62.95. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 17.75 and a beta of 1.18.
Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Innospec had a net margin of 7.22% and a return on equity of 14.77%. The business had revenue of $326.30 million for the quarter. On average, equities analysts predict that Innospec Inc. will post $4.28 EPS for the current year.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Innospec during the 2nd quarter worth approximately $106,000. Ameritas Investment Partners Inc. acquired a new stake in Innospec during the 1st quarter worth approximately $132,000. Victory Capital Management Inc. boosted its position in Innospec by 18.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,311 shares of the specialty chemicals company’s stock worth $150,000 after buying an additional 354 shares during the period. State of Alaska Department of Revenue boosted its position in Innospec by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 2,660 shares of the specialty chemicals company’s stock worth $172,000 after buying an additional 70 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in Innospec by 1.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,180 shares of the specialty chemicals company’s stock worth $209,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.
IOSP has been the topic of a number of research reports. BidaskClub lowered shares of Innospec from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered shares of Innospec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Monness Crespi & Hardt upgraded shares of Innospec from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, August 22nd. Finally, ValuEngine lowered shares of Innospec from a “buy” rating to a “hold” rating in a report on Monday, August 7th.
Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.
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