Wasatch Advisors LP Holds 7.8% Stake in Innospec Inc.
Ticker: IOSP · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1054905
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**Wasatch Advisors LP owns 7.8% of Innospec, signaling continued institutional interest.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership of 1,950,016 shares of Innospec Inc. common stock, representing 7.8% of the company's outstanding shares. This filing indicates a significant, but not controlling, passive investment by Wasatch Advisors LP in Innospec Inc. For current or prospective shareholders, this shows a notable institutional investor maintains a substantial stake, potentially signaling confidence in Innospec's long-term prospects.
Why It Matters
This filing confirms a major institutional investor, Wasatch Advisors LP, continues to hold a significant portion of Innospec Inc. shares, which can be seen as a vote of confidence in the company's value.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report, indicating no immediate change in control or strategy, thus posing low risk.
Analyst Insight
Investors should note that a prominent institutional investor, Wasatch Advisors LP, maintains a substantial 7.8% stake in Innospec Inc., which could be interpreted as a positive signal of long-term value, but this filing itself doesn't suggest any immediate strategic changes.
Key Numbers
- 1,950,016 — Shares Owned (Represents the total number of Innospec Inc. common shares Wasatch Advisors LP has sole voting and dispositive power over.)
- 7.8% — Percent of Class Owned (Indicates the proportion of Innospec Inc.'s common stock held by Wasatch Advisors LP, showing a significant institutional stake.)
Key Players & Entities
- Wasatch Advisors LP (company) — the reporting person and investment adviser
- Innospec Inc. (company) — the issuer of the securities
- 1,950,016 (dollar_amount) — number of shares owned by Wasatch Advisors LP
- 7.8% (dollar_amount) — percentage of class owned by Wasatch Advisors LP
Forward-Looking Statements
- Wasatch Advisors LP will maintain a significant, passive stake in Innospec Inc. (Wasatch Advisors LP) — high confidence, target: 2025-02-09
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 1 and Item 3(e) of the filing.
What is the name of the issuer whose securities are being reported?
The name of the issuer is Innospec, Inc., as specified in Item 1(a) of the filing.
How many shares of Innospec Inc. common stock does Wasatch Advisors LP own with sole voting power?
Wasatch Advisors LP owns 1,950,016 shares of Innospec Inc. common stock with sole voting power, as detailed in Item 5 and Item 4(c)(i) of the filing.
What percentage of Innospec Inc.'s common stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 7.8% of Innospec Inc.'s common stock, as stated in Item 11 and Item 4(b) of the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Innospec Inc. is 45768S105, as listed in the filing under 'Title of Class of Securities' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding INNOSPEC INC. (IOSP).