Innospec Inc. (NASDAQ:IOSP) SVP Hardy Louis Griffin III Sells 525 Shares

Innospec Inc. (NASDAQ:IOSPGet Free Report) SVP Hardy Louis Griffin III sold 525 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $129.78, for a total value of $68,134.50. Following the sale, the senior vice president now owns 4,523 shares of the company’s stock, valued at $586,994.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hardy Louis Griffin III also recently made the following trade(s):

  • On Thursday, February 22nd, Hardy Louis Griffin III sold 1,875 shares of Innospec stock. The shares were sold at an average price of $122.07, for a total value of $228,881.25.

Innospec Stock Down 1.8 %

Innospec stock opened at $127.79 on Friday. Innospec Inc. has a 12 month low of $91.74 and a 12 month high of $133.71. The company’s fifty day simple moving average is $125.13 and its 200-day simple moving average is $119.59. The stock has a market cap of $3.19 billion, a P/E ratio of 21.70 and a beta of 1.11.

Innospec (NASDAQ:IOSPGet Free Report) last issued its earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Innospec had a return on equity of 14.22% and a net margin of 7.60%. The firm had revenue of $500.20 million for the quarter, compared to the consensus estimate of $508.15 million. On average, equities research analysts expect 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 will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a dividend of $0.72 per share. This represents a yield of 1.2%. The ex-dividend date is Friday, May 17th. Innospec’s payout ratio is presently 25.81%.

Institutional Trading of Innospec

Institutional investors have recently added to or reduced their stakes in the business. Summit Global Investments bought a new position in shares of Innospec during the 4th quarter valued at $1,057,000. Sei Investments Co. raised its stake in shares of Innospec by 8.7% in the 3rd quarter. Sei Investments Co. now owns 128,506 shares of the specialty chemicals company’s stock valued at $13,133,000 after acquiring an additional 10,268 shares in the last quarter. AMG National Trust Bank acquired a new stake in Innospec in the 3rd quarter worth approximately $907,000. Assenagon Asset Management S.A. bought a new stake in Innospec during the third quarter worth approximately $1,207,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Innospec by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,635 shares of the specialty chemicals company’s stock valued at $30,520,000 after purchasing an additional 12,135 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on IOSP

Innospec Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Innospec (NASDAQ:IOSP)

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