Medina Value Partners LLC Acquires 142,813 Shares of Innospec Inc. $IOSP

Medina Value Partners LLC raised its holdings in Innospec Inc. (NASDAQ:IOSP) by 60.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,769 shares of the specialty chemicals company’s stock after purchasing an additional 142,813 shares during the period. Innospec comprises 6.8% of Medina Value Partners LLC’s holdings, making the stock its 3rd largest position. Medina Value Partners LLC owned about 1.53% of Innospec worth $28,991,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Innospec by 271.0% in the fourth quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 420 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Innospec by 1,159.5% in the second quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 487 shares during the period. Allworth Financial LP grew its holdings in Innospec by 31.0% in the third quarter. Allworth Financial LP now owns 588 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 139 shares during the period. Danske Bank A S acquired a new stake in Innospec in the third quarter valued at approximately $46,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Innospec in the fourth quarter valued at approximately $63,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Innospec Stock Performance

Shares of IOSP opened at $86.59 on Monday. Innospec Inc. has a one year low of $65.51 and a one year high of $92.14. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.41 and a beta of 0.92. The stock has a 50 day moving average price of $78.46 and a 200 day moving average price of $77.90.

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

Innospec Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a yield of 239.0%. Innospec’s payout ratio is 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.