Today it was reported that the VP & CFO of Innospec Inc (IOSP), Ian Cleminson, exercised options to sell 5,059 IOSP shares at $11.78 a share, for a total transaction value of $407.2K.
Following Ian Cleminson’s last IOSP Sell transaction on December 04, 2017, the stock climbed by 9.7%. In addition to Ian Cleminson, one other IOSP executive reported Sell trades in the last month.
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Based on Innospec Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $395 million and quarterly net profit of $20.4 million. In comparison, last year the company earned revenue of $354 million and had a GAAP net loss of $4.8 million. IOSP’s market cap is $1.98B and the company has a P/E ratio of 23.45. Currently, Innospec Inc has an average volume of 5,423.
Ian Cleminson’s trades have generated a 12.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Innospec, Inc. develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care, and other specialty chemicals. It operates through the following segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
