GSA Capital Partners LLP Purchases Shares of 956 NewMarket Corporation (NYSE:NEU)

GSA Capital Partners LLP bought a new stake in NewMarket Corporation (NYSE:NEU - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 956 shares of the specialty chemicals company's stock, valued at approximately $542,000.

A number of other institutional investors have also added to or reduced their stakes in NEU. Bessemer Group Inc. grew its stake in shares of NewMarket by 166.7% during the fourth quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of NewMarket by 557.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 46 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC grew its stake in shares of NewMarket by 7,700.0% in the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 77 shares during the last quarter. Private Trust Co. NA grew its stake in shares of NewMarket by 185.2% in the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 50 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of NewMarket by 39.2% in the 1st quarter. UMB Bank n.a. now owns 103 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 61.09% of the company's stock.

NewMarket Stock Up 1.7%

Shares of NewMarket stock traded up $12.22 on Friday, reaching $736.33. The company's stock had a trading volume of 14,419 shares, compared to its average volume of 74,864. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 14.58 and a beta of 0.45. The firm's fifty day simple moving average is $691.30 and its two-hundred day simple moving average is $608.34. NewMarket Corporation has a 52 week low of $480.00 and a 52 week high of $743.52. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 0.52.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $11.84 earnings per share (EPS) for the quarter. The firm had revenue of $698.51 million for the quarter. NewMarket had a return on equity of 32.25% and a net margin of 17.28%.

NewMarket Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 1.5%. NewMarket's dividend payout ratio (DPR) is presently 21.80%.

Insiders Place Their Bets

In related news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction on Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the transaction, the chief accounting officer directly owned 358 shares in the company, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.10% of the company's stock.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.