Dorsey Wright & Associates Acquires New Position in NewMarket Corporation (NYSE:NEU)

Dorsey Wright & Associates bought a new stake in NewMarket Corporation (NYSE:NEU - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 361 shares of the specialty chemicals company's stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEU. Raymond James Financial Inc. acquired a new position in NewMarket in the fourth quarter valued at $1,613,000. Envestnet Portfolio Solutions Inc. raised its position in NewMarket by 5.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,042 shares of the specialty chemicals company's stock valued at $550,000 after purchasing an additional 55 shares during the period. Xponance Inc. raised its position in NewMarket by 5.9% in the fourth quarter. Xponance Inc. now owns 838 shares of the specialty chemicals company's stock valued at $443,000 after purchasing an additional 47 shares during the period. American Century Companies Inc. raised its position in NewMarket by 147.2% in the fourth quarter. American Century Companies Inc. now owns 47,717 shares of the specialty chemicals company's stock valued at $25,211,000 after purchasing an additional 28,417 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in NewMarket in the fourth quarter valued at about $1,698,000. Institutional investors and hedge funds own 61.09% of the company's stock.

Insider Buying and Selling

In other news, CAO Bruce R. Hazelgrove III sold 311 shares of NewMarket stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $642.43, for a total transaction of $199,795.73. Following the sale, the chief accounting officer directly owned 358 shares of the company's stock, valued at approximately $229,989.94. The trade was a 46.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.10% of the stock is owned by company insiders.

NewMarket Stock Down 1.5%

NYSE:NEU traded down $10.93 during mid-day trading on Friday, hitting $708.01. The company had a trading volume of 84,189 shares, compared to its average volume of 97,329. The business has a fifty day simple moving average of $680.90 and a 200-day simple moving average of $596.23. The company has a current ratio of 2.84, a quick ratio of 1.60 and a debt-to-equity ratio of 0.65. NewMarket Corporation has a 1 year low of $480.00 and a 1 year high of $743.52. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 14.09 and a beta of 0.42.

NewMarket (NYSE:NEU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The specialty chemicals company reported $13.26 EPS for the quarter. NewMarket had a return on equity of 34.45% and a net margin of 17.22%. The company had revenue of $700.95 million for the quarter.

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.