Lucus Advisors LLC Invests $409,000 in Innophos Holdings, Inc. (IPHS)

Lucus Advisors LLC bought a new position in Innophos Holdings, Inc. (NASDAQ:IPHS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,572 shares of the specialty chemicals company’s stock, valued at approximately $409,000.

A number of other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Innophos Holdings during the fourth quarter worth about $882,000. Bessemer Group Inc. raised its position in shares of Innophos Holdings by 1.2% in the fourth quarter. Bessemer Group Inc. now owns 27,008 shares of the specialty chemicals company’s stock worth $1,412,000 after buying an additional 308 shares during the period. State Street Corp raised its position in shares of Innophos Holdings by 6.9% in the fourth quarter. State Street Corp now owns 493,747 shares of the specialty chemicals company’s stock worth $25,808,000 after buying an additional 32,058 shares during the period. FMR LLC raised its position in shares of Innophos Holdings by 13.3% in the fourth quarter. FMR LLC now owns 193,206 shares of the specialty chemicals company’s stock worth $10,097,000 after buying an additional 22,612 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of Innophos Holdings during the fourth quarter worth about $1,684,000. Institutional investors own 94.74% of the company’s stock.

Institutional Ownership by Quarter for Innophos Holdings (NASDAQ:IPHS)

Shares of Innophos Holdings, Inc. (NASDAQ IPHS) traded down 1.22% during trading on Friday, reaching $43.87. The company had a trading volume of 164,101 shares. The firm has a 50-day moving average of $44.15 and a 200 day moving average of $49.62. The firm has a market capitalization of $850.03 million, a PE ratio of 18.83 and a beta of 0.92. Innophos Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings data on Monday, May 1st. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Innophos Holdings had a net margin of 6.56% and a return on equity of 14.11%. The company had revenue of $165.94 million during the quarter, compared to the consensus estimate of $168.11 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Innophos Holdings’s revenue for the quarter was down 12.5% on a year-over-year basis. Analysts expect that Innophos Holdings, Inc. will post $2.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 19th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.38%. Innophos Holdings’s payout ratio is 82.76%.

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Separately, Sidoti upgraded Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th. They noted that the move was a valuation call.

Innophos Holdings Company Profile

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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