Evolve Private Wealth LLC acquired a new stake in Innovex International, Inc. (NYSE:INVX – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,381 shares of the company’s stock, valued at approximately $753,000.
Several other hedge funds have also modified their holdings of the company. Strs Ohio purchased a new position in shares of Innovex International in the 4th quarter valued at about $44,000. USA Financial Formulas acquired a new position in Innovex International in the 1st quarter worth about $53,000. Aster Capital Management DIFC Ltd purchased a new position in Innovex International during the fourth quarter worth approximately $55,000. Tower Research Capital LLC TRC boosted its position in Innovex International by 418.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,523 shares of the company’s stock worth $55,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Innovex International by 77.7% in the fourth quarter. Covestor Ltd now owns 3,284 shares of the company’s stock valued at $72,000 after purchasing an additional 1,436 shares during the period.
Insider Activity
In related news, Director Amberjack Capital Partners, L. sold 5,000,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $28.71, for a total transaction of $143,550,000.00. Following the completion of the sale, the director directly owned 311 shares in the company, valued at approximately $8,928.81. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reddout sold 10,750 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $28.00, for a total value of $301,000.00. Following the completion of the transaction, the insider directly owned 134,312 shares of the company’s stock, valued at approximately $3,760,736. This represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,975,217 shares of company stock worth $286,393,748 over the last quarter. 34.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Research Report on Innovex International
Innovex International Trading Down 2.6%
Shares of Innovex International stock opened at $28.57 on Tuesday. The company has a current ratio of 5.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.02. Innovex International, Inc. has a twelve month low of $16.29 and a twelve month high of $33.71. The firm has a market capitalization of $2.00 billion, a PE ratio of 32.10 and a beta of 0.83. The firm’s 50-day moving average price is $26.98 and its 200 day moving average price is $26.73.
Innovex International (NYSE:INVX – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. Innovex International had a return on equity of 7.12% and a net margin of 6.17%.The company had revenue of $244.90 million during the quarter, compared to analyst estimates of $241.58 million. On average, sell-side analysts predict that Innovex International, Inc. will post 1.44 EPS for the current fiscal year.
About Innovex International
Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.
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