Lighthouse Investment Partners LLC Invests $2.72 Million in Innovex International, Inc. (NYSE:INVX)

Lighthouse Investment Partners LLC bought a new stake in Innovex International, Inc. (NYSE:INVX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 195,000 shares of the company's stock, valued at approximately $2,724,000. Lighthouse Investment Partners LLC owned about 0.29% of Innovex International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVX. KLP Kapitalforvaltning AS purchased a new position in Innovex International in the fourth quarter valued at approximately $88,000. Oregon Public Employees Retirement Fund raised its stake in shares of Innovex International by 9.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,852 shares of the company's stock valued at $124,000 after buying an additional 758 shares during the period. Aigen Investment Management LP bought a new stake in shares of Innovex International in the fourth quarter valued at $142,000. Amalgamated Bank lifted its position in shares of Innovex International by 6.2% during the 4th quarter. Amalgamated Bank now owns 10,853 shares of the company's stock valued at $152,000 after buying an additional 630 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Innovex International during the 4th quarter worth $152,000.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price objective on Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th.

Innovex International Stock Down 0.5%

INVX traded down $0.08 on Monday, hitting $14.85. The company's stock had a trading volume of 56,943 shares, compared to its average volume of 403,599. Innovex International, Inc. has a 12 month low of $11.93 and a 12 month high of $19.44. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 10.53 and a beta of 0.80. The company has a current ratio of 3.87, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The stock's 50 day simple moving average is $16.14.

Innovex International (NYSE:INVX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.03). Innovex International had a negative return on equity of 0.73% and a net margin of 12.31%. The company had revenue of $240.42 million during the quarter, compared to the consensus estimate of $247.73 million.

Innovex International Company Profile

Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.