Monarch Partners Asset Management LLC lowered its position in Innospec Inc. (NASDAQ:IOSP) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 151,946 shares of the specialty chemicals company’s stock after selling 1,364 shares during the period. Monarch Partners Asset Management LLC’s holdings in Innospec were worth $9,960,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in Innospec by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,660 shares of the specialty chemicals company’s stock valued at $172,000 after buying an additional 70 shares during the last quarter. Arizona State Retirement System increased its position in Innospec by 0.8% in the second quarter. Arizona State Retirement System now owns 12,600 shares of the specialty chemicals company’s stock valued at $826,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its position in Innospec by 1.1% in the second quarter. Texas Permanent School Fund now owns 17,618 shares of the specialty chemicals company’s stock valued at $1,155,000 after buying an additional 190 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Innospec by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the specialty chemicals company’s stock valued at $635,000 after buying an additional 200 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in Innospec by 0.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,620 shares of the specialty chemicals company’s stock valued at $1,400,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

Innospec Inc. (NASDAQ IOSP) opened at 57.75 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of 18.39 and a beta of 1.15. The stock has a 50 day moving average of $63.77 and a 200 day moving average of $64.95. Innospec Inc. has a 1-year low of $54.45 and a 1-year high of $74.75.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Innospec had a net margin of 7.22% and a return on equity of 14.77%. The firm had revenue of $326.30 million for the quarter. Equities analysts anticipate that Innospec Inc. will post $4.17 EPS for the current fiscal year.

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Several equities analysts have recently weighed in on IOSP shares. BidaskClub downgraded shares of Innospec from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. ValuEngine downgraded shares of Innospec from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research downgraded shares of Innospec from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

About Innospec

Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.

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Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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