Mutual of America Capital Management LLC Has $424,000 Stock Position in Innospec Inc. (NASDAQ:IOSP)

Mutual of America Capital Management LLC decreased its holdings in Innospec Inc. (NASDAQ:IOSP) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,752 shares of the specialty chemicals company’s stock after selling 347 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Innospec were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IOSP. DekaBank Deutsche Girozentrale acquired a new position in Innospec in the first quarter valued at $66,000. CWM LLC lifted its stake in shares of Innospec by 239.6% in the 2nd quarter. CWM LLC now owns 635 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 448 shares during the period. Blue Trust Inc. grew its stake in Innospec by 503.9% during the third quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock worth $96,000 after purchasing an additional 650 shares during the period. nVerses Capital LLC increased its holdings in Innospec by 200.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock worth $102,000 after purchasing an additional 600 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Innospec in the second quarter valued at approximately $184,000. 96.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th.

Insider Buying and Selling at Innospec

In related news, Director Milton C. Blackmore sold 1,035 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the transaction, the director now directly owns 9,028 shares of the company’s stock, valued at approximately $1,109,721.76. This trade represents a 10.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.

Innospec Stock Performance

IOSP stock opened at $117.66 on Thursday. The company has a market capitalization of $2.93 billion, a P/E ratio of 20.53 and a beta of 1.08. The business has a 50-day simple moving average of $114.18 and a two-hundred day simple moving average of $118.49. Innospec Inc. has a 52-week low of $103.97 and a 52-week high of $133.71.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 EPS for the quarter, hitting analysts’ consensus estimates of $1.35. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The business had revenue of $443.40 million for the quarter, compared to analyst estimates of $442.13 million. During the same period last year, the company posted $1.59 earnings per share. Innospec’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Innospec Inc. will post 5.88 earnings per share for the current fiscal year.

Innospec Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a $0.79 dividend. This is a boost from Innospec’s previous Semi-Annual dividend of $0.72. This represents a yield of 1.3%. The ex-dividend date was Monday, November 18th. Innospec’s payout ratio is currently 27.57%.

Innospec Profile

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.