25,000 Shares in Innovex International, Inc. (NYSE:INVX) Bought by Clayton Partners LLC

Clayton Partners LLC acquired a new position in shares of Innovex International, Inc. (NYSE:INVX) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,000 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in INVX. Principal Financial Group Inc. acquired a new stake in shares of Innovex International during the third quarter worth $2,383,000. JPMorgan Chase & Co. acquired a new stake in shares of Innovex International during the third quarter worth $2,261,000. Barclays PLC acquired a new stake in shares of Innovex International during the third quarter worth $874,000. Central Pacific Bank Trust Division acquired a new stake in shares of Innovex International during the fourth quarter worth $63,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of Innovex International during the fourth quarter worth $234,000.

Innovex International Trading Up 2.1 %

Shares of INVX opened at $17.71 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.87. The stock’s fifty day moving average price is $16.78. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $25.19. The firm has a market capitalization of $1.23 billion, a P/E ratio of 12.56 and a beta of 0.83.

Innovex International (NYSE:INVX) last issued its earnings results on Tuesday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. The company had revenue of $250.69 million for the quarter.

Analyst Upgrades and Downgrades

INVX has been the subject of a number of recent research reports. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays upped their target price on Innovex International from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, March 5th.

Innovex International Profile

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.