100,574 Shares in Innospec Inc. $IOSP Bought by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. purchased a new position in shares of Innospec Inc. (NASDAQ:IOSP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 100,574 shares of the specialty chemicals company’s stock, valued at approximately $7,698,000. Innospec comprises approximately 1.9% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP raised its stake in Innospec by 31.0% during the 3rd quarter. Allworth Financial LP now owns 588 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 139 shares in the last quarter. State of Wyoming raised its stake in Innospec by 27.5% during the 2nd quarter. State of Wyoming now owns 801 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 173 shares in the last quarter. California State Teachers Retirement System raised its stake in Innospec by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 23,062 shares of the specialty chemicals company’s stock worth $1,939,000 after acquiring an additional 179 shares in the last quarter. Franklin Resources Inc. raised its stake in Innospec by 0.7% during the 3rd quarter. Franklin Resources Inc. now owns 27,868 shares of the specialty chemicals company’s stock worth $2,150,000 after acquiring an additional 196 shares in the last quarter. Finally, Amundi raised its stake in Innospec by 5.0% during the 3rd quarter. Amundi now owns 4,490 shares of the specialty chemicals company’s stock worth $354,000 after acquiring an additional 214 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IOSP. Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research upgraded shares of Innospec from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded shares of Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Innospec Stock Performance

NASDAQ IOSP opened at $85.86 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of 18.71, a P/E/G ratio of 2.32 and a beta of 0.92. The firm’s fifty day moving average is $78.20 and its two-hundred day moving average is $77.80. Innospec Inc. has a one year low of $65.51 and a one year high of $92.14.

Innospec (NASDAQ:IOSP) last issued its earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $453.20 million for the quarter, compared to the consensus estimate of $432.14 million. Innospec had a net margin of 6.38% and a return on equity of 9.32%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Research analysts predict that Innospec Inc. will post 4.8 earnings per share for the current year.

Innospec Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a dividend yield of 239.0%. Innospec’s payout ratio is presently 40.09%.

Innospec Company 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.