4,500 Shares in Innospec Inc. (NASDAQ:IOSP) Acquired by Bailard Inc.

Bailard Inc. acquired a new stake in shares of Innospec Inc. (NASDAQ:IOSP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,500 shares of the specialty chemicals company's stock, valued at approximately $426,000.

Several other large investors have also modified their holdings of IOSP. Brown Advisory Inc. acquired a new stake in shares of Innospec in the first quarter valued at $31,212,000. Raymond James Financial Inc. acquired a new stake in Innospec in the 4th quarter valued at about $20,992,000. Victory Capital Management Inc. boosted its position in shares of Innospec by 20.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,106,482 shares of the specialty chemicals company's stock valued at $104,839,000 after purchasing an additional 184,262 shares in the last quarter. Norges Bank bought a new position in shares of Innospec in the fourth quarter valued at $11,312,000. Finally, Edgestream Partners L.P. lifted its stake in Innospec by 436.8% during the first quarter. Edgestream Partners L.P. now owns 70,039 shares of the specialty chemicals company's stock valued at $6,636,000 after buying an additional 56,991 shares in the last quarter. Institutional investors own 96.64% of the company's stock.

Insider Activity

In other Innospec news, Director Leslie J. Parrette sold 446 shares of Innospec stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $90.63, for a total transaction of $40,420.98. Following the transaction, the director directly owned 5,497 shares in the company, valued at approximately $498,193.11. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IOSP. Seaport Res Ptn raised Innospec from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 21st. Wall Street Zen downgraded Innospec from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

Innospec Price Performance

Shares of Innospec stock traded up $1.08 during midday trading on Wednesday, hitting $85.82. The company had a trading volume of 168,175 shares, compared to its average volume of 168,731. The stock has a market cap of $2.14 billion, a PE ratio of 79.46 and a beta of 1.05. The business's 50 day simple moving average is $86.05 and its two-hundred day simple moving average is $95.10. Innospec Inc. has a 1-year low of $80.32 and a 1-year high of $133.53.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. The firm had revenue of $440.80 million during the quarter, compared to analyst estimates of $466.50 million. Innospec had a net margin of 1.51% and a return on equity of 11.38%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share. On average, sell-side analysts expect that Innospec Inc. will post 6.18 EPS for the current fiscal year.

Innospec Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were paid a $0.84 dividend. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 1.7%. This is an increase from Innospec's previous semi-annual dividend of $0.79. Innospec's dividend payout ratio is 155.56%.

About Innospec

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.