7,727 Shares in Innospec Inc. $IOSP Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in Innospec Inc. (NASDAQ:IOSP) in the second quarter, HoldingsChannel.com reports. The fund acquired 7,727 shares of the specialty chemicals company’s stock, valued at approximately $650,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of Innospec by 17.8% during the 1st quarter. Russell Investments Group Ltd. now owns 4,995 shares of the specialty chemicals company’s stock worth $473,000 after buying an additional 753 shares in the last quarter. American Century Companies Inc. grew its holdings in Innospec by 27.7% during the first quarter. American Century Companies Inc. now owns 47,545 shares of the specialty chemicals company’s stock worth $4,505,000 after acquiring an additional 10,309 shares during the period. Hsbc Holdings PLC raised its position in Innospec by 2.9% in the first quarter. Hsbc Holdings PLC now owns 7,398 shares of the specialty chemicals company’s stock worth $700,000 after acquiring an additional 208 shares in the last quarter. Jump Financial LLC lifted its holdings in Innospec by 10.3% in the first quarter. Jump Financial LLC now owns 7,451 shares of the specialty chemicals company’s stock valued at $706,000 after acquiring an additional 693 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of Innospec during the 1st quarter worth $895,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Buying and Selling at Innospec

In related news, Director Leslie J. Parrette purchased 340 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was bought at an average cost of $74.09 per share, with a total value of $25,190.60. Following the completion of the acquisition, the director directly owned 5,837 shares in the company, valued at $432,463.33. The trade was a 6.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IOSP has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Innospec in a report on Monday. Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research downgraded shares of Innospec from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Innospec Trading Up 0.3%

Shares of NASDAQ IOSP opened at $78.08 on Wednesday. The company’s 50-day moving average price is $74.97 and its 200 day moving average price is $80.24. Innospec Inc. has a 52 week low of $70.10 and a 52 week high of $117.08. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -2,602.67 and a beta of 0.93.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings results on Wednesday, November 5th. The specialty chemicals company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. Innospec had a negative net margin of 0.07% and a positive return on equity of 10.28%. The company had revenue of $441.90 million for the quarter, compared to the consensus estimate of $443.00 million. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, research analysts expect that Innospec Inc. will post 6.18 earnings per share for the current year.

Innospec Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a yield of 245.0%. Innospec’s dividend payout ratio (DPR) is presently -5,800.00%.

Innospec Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.