GSA Capital Partners LLP Lowers Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

GSA Capital Partners LLP trimmed its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 16.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,071 shares of the specialty chemicals company’s stock after selling 2,696 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Innospec worth $1,814,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. TFO Wealth Partners LLC raised its holdings in Innospec by 29,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 299 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC purchased a new position in Innospec in the 4th quarter worth approximately $44,000. Stonegate Investment Group LLC purchased a new position in Innospec in the 4th quarter worth approximately $204,000. Nisa Investment Advisors LLC raised its holdings 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 acquiring an additional 100 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in Innospec in the 4th quarter worth approximately $269,000. 96.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP Hardy Louis Griffin III sold 525 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $129.78, for a total value of $68,134.50. Following the completion of the transaction, the senior vice president now owns 4,523 shares of the company’s stock, valued at approximately $586,994.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.35% of the company’s stock.

Innospec Trading Up 1.1 %

NASDAQ:IOSP traded up $1.31 during trading hours on Wednesday, reaching $121.31. The company had a trading volume of 13,101 shares, compared to its average volume of 99,268. Innospec Inc. has a 52 week low of $95.69 and a 52 week high of $133.71. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 20.55 and a beta of 1.10. The firm’s 50 day moving average price is $125.81 and its 200-day moving average price is $123.34.

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

Innospec Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.72 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, May 17th. Innospec’s payout ratio is 25.81%.

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.