956 Shares in NewMarket Corporation (NYSE:NEU) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of NewMarket Corporation (NYSE:NEU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 956 shares of the specialty chemicals company's stock, valued at approximately $542,000.

Several other hedge funds have also added to or reduced their stakes in NEU. Bessemer Group Inc. lifted its holdings in NewMarket by 166.7% during the 4th quarter. Bessemer Group Inc. now owns 48 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in NewMarket by 7,700.0% during the 1st quarter. Whipplewood Advisors LLC now owns 78 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 77 shares during the last quarter. Private Trust Co. NA lifted its holdings in NewMarket by 185.2% during the 1st quarter. Private Trust Co. NA now owns 77 shares of the specialty chemicals company's stock worth $44,000 after purchasing an additional 50 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in NewMarket by 39.2% during 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 during the last quarter. 61.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NewMarket news, CAO Bruce R. Hazelgrove III sold 311 shares of the firm's 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 owned 358 shares in the company, valued at $229,989.94. This trade represents a 46.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by company insiders.

NewMarket Price Performance

NewMarket stock opened at $706.70 on Tuesday. The stock's fifty day moving average price is $685.20 and its two-hundred day moving average price is $603.80. NewMarket Corporation has a one year low of $480.00 and a one year high of $743.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.66 and a quick ratio of 1.43. The firm has a market cap of $6.64 billion, a PE ratio of 14.01 and a beta of 0.45.

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

NewMarket 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.

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