Dean Capital Management Grows Position in Innovex International, Inc. (NYSE:INVX)

Dean Capital Management lifted its position in Innovex International, Inc. (NYSE:INVX - Free Report) by 129.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,477 shares of the company's stock after buying an additional 92,801 shares during the period. Innovex International makes up 1.0% of Dean Capital Management's holdings, making the stock its 20th largest position. Dean Capital Management owned about 0.24% of Innovex International worth $2,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INVX. Cetera Investment Advisers purchased a new stake in shares of Innovex International during the 4th quarter worth about $152,000. Bridgeway Capital Management LLC increased its stake in shares of Innovex International by 3.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 68,545 shares of the company's stock worth $958,000 after purchasing an additional 2,569 shares during the period. Jane Street Group LLC boosted its position in shares of Innovex International by 325.4% in the fourth quarter. Jane Street Group LLC now owns 177,512 shares of the company's stock valued at $2,480,000 after acquiring an additional 135,780 shares during the period. Northern Trust Corp grew its position in Innovex International by 8.3% in the 4th quarter. Northern Trust Corp now owns 384,077 shares of the company's stock worth $5,366,000 after purchasing an additional 29,535 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of Innovex International by 15.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 125,384 shares of the company's stock valued at $1,752,000 after purchasing an additional 16,938 shares during the period.

Innovex International Stock Performance

Shares of Innovex International stock traded up $0.28 during trading on Monday, reaching $15.13. 166,557 shares of the company's stock were exchanged, compared to its average volume of 409,138. The stock has a market cap of $1.04 billion, a P/E ratio of 10.73 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. Innovex International, Inc. has a 1-year low of $11.93 and a 1-year high of $19.51. The company has a 50-day simple moving average of $16.44.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays reduced their target price on shares of Innovex International from $16.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th.

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.