Innophos Holdings, Inc. (IPHS) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC grew its position in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 770,700 shares of the specialty chemicals company’s stock after buying an additional 11,679 shares during the quarter. Renaissance Technologies LLC owned approximately 3.97% of Innophos Holdings worth $33,787,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in IPHS. Barings LLC bought a new stake in shares of Innophos Holdings during the first quarter valued at approximately $200,000. Pacad Investment Ltd. grew its stake in shares of Innophos Holdings by 19.5% during the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 800 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Innophos Holdings by 44.6% during the second quarter. State of Alaska Department of Revenue now owns 5,508 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 1,698 shares during the last quarter. Invictus RG bought a new stake in shares of Innophos Holdings during the first quarter valued at approximately $244,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Innophos Holdings by 35.5% during the second quarter. GHP Investment Advisors Inc. now owns 5,599 shares of the specialty chemicals company’s stock valued at $245,000 after purchasing an additional 1,468 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Innophos Holdings, Inc. (NASDAQ:IPHS) opened at 49.85 on Thursday. The company has a market capitalization of $966.89 million, a PE ratio of 21.77 and a beta of 0.89. Innophos Holdings, Inc. has a 1-year low of $38.40 and a 1-year high of $58.22. The stock’s 50 day moving average is $46.25 and its 200 day moving average is $45.70.
Innophos Holdings (NASDAQ:IPHS) last announced its quarterly earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $179.14 million for the quarter, compared to analyst estimates of $172.65 million. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities research analysts anticipate that Innophos Holdings, Inc. will post $2.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 18th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Wednesday, August 16th. Innophos Holdings’s dividend payout ratio (DPR) is presently 84.21%.
IPHS has been the topic of several research analyst reports. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
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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