Ifrah Financial Services Inc. acquired a new position in Innophos Holdings, Inc. (NASDAQ:IPHS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,373 shares of the specialty chemicals company’s stock, valued at approximately $215,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Innophos Holdings by 56.0% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,830 shares of the specialty chemicals company’s stock worth $1,074,000 after purchasing an additional 7,840 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Innophos Holdings by 42.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,100 shares of the specialty chemicals company’s stock worth $448,000 after purchasing an additional 2,720 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Innophos Holdings by 38.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,821 shares of the specialty chemicals company’s stock worth $631,000 after purchasing an additional 3,531 shares during the period. GHP Investment Advisors Inc. boosted its stake in Innophos Holdings by 32.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 7,392 shares of the specialty chemicals company’s stock worth $364,000 after purchasing an additional 1,793 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Innophos Holdings by 28.9% during the 3rd quarter. Prudential Financial Inc. now owns 221,651 shares of the specialty chemicals company’s stock valued at $10,903,000 after buying an additional 49,630 shares during the period. 96.18% of the stock is owned by hedge funds and other institutional investors.
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A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Innophos Holdings in a research note on Wednesday, November 1st.
Innophos Holdings, Inc. (NASDAQ:IPHS) traded up $0.30 during trading on Tuesday, hitting $43.83. 104,000 shares of the stock were exchanged, compared to its average volume of 113,182. The company has a market cap of $855.96, a P/E ratio of 17.69 and a beta of 0.88. The company has a quick ratio of 1.49, a current ratio of 2.86 and a debt-to-equity ratio of 0.83. Innophos Holdings, Inc. has a fifty-two week low of $41.66 and a fifty-two week high of $58.22.
Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $184.00 million for the quarter, compared to the consensus estimate of $179.33 million. Innophos Holdings had a net margin of 6.19% and a return on equity of 13.90%. Innophos Holdings’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. equities research analysts anticipate that Innophos Holdings, Inc. will post 2.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be issued a $0.48 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.92 annualized dividend and a yield of 4.38%. Innophos Holdings’s dividend payout ratio (DPR) is presently 88.07%.
About Innophos Holdings
Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.
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