Trexquant Investment LP Grows Holdings in Innospec Inc. $IOSP

Key Points

• Trexquant Investment LP significantly increased its position in Innospec Inc. by 196.3%, owning 60,346 shares valued at approximately $5.72 million as of the latest SEC filing.
• Several other institutional investors have also adjusted their stakes in Innospec, with 96.64% of the company's stock now owned by such entities.
• Innospec recently reported quarterly earnings, with an EPS of $1.26, exceeding analysts' expectations, although revenue slightly missed estimates at $439.70 million.

Trexquant Investment LP raised its stake in Innospec Inc. (NASDAQ:IOSP - Free Report) by 196.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,346 shares of the specialty chemicals company's stock after purchasing an additional 39,979 shares during the quarter. Trexquant Investment LP owned about 0.24% of Innospec worth $5,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Huber Capital Management LLC boosted its holdings in shares of Innospec by 40.3% in the 1st quarter. Huber Capital Management LLC now owns 68,935 shares of the specialty chemicals company's stock valued at $6,532,000 after purchasing an additional 19,800 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Innospec by 1,551.5% during the 1st quarter. Jane Street Group LLC now owns 95,243 shares of the specialty chemicals company's stock valued at $9,024,000 after acquiring an additional 89,476 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Innospec during the 1st quarter valued at $895,000. Jump Financial LLC lifted its holdings in shares of Innospec by 10.3% during the 1st quarter. Jump Financial LLC now owns 7,451 shares of the specialty chemicals company's stock valued at $706,000 after acquiring an additional 693 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its holdings in shares of Innospec by 146.9% during the 1st quarter. EntryPoint Capital LLC now owns 8,932 shares of the specialty chemicals company's stock valued at $846,000 after acquiring an additional 5,314 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company's stock.

Innospec Stock Performance

Shares of NASDAQ:IOSP traded up $0.05 during midday trading on Thursday, hitting $85.86. 125,288 shares of the company's stock traded hands, compared to its average volume of 200,844. The company has a market cap of $2.13 billion, a PE ratio of 110.08 and a beta of 1.11. The firm's fifty day moving average price is $84.65 and its two-hundred day moving average price is $89.23. Innospec Inc. has a twelve month low of $74.10 and a twelve month high of $128.35.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.09. The business had revenue of $439.70 million for the quarter, compared to analyst estimates of $440.70 million. Innospec had a net margin of 1.08% and a return on equity of 10.89%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 EPS. As a group, equities research analysts anticipate that Innospec Inc. will post 6.18 EPS for the current fiscal year.

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.