DGS Capital Management LLC Invests $212,000 in NewMarket Co. (NYSE:NEU)

DGS Capital Management LLC purchased a new stake in NewMarket Co. (NYSE:NEU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 384 shares of the specialty chemicals company’s stock, valued at approximately $212,000.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of NewMarket in the 2nd quarter valued at approximately $33,000. Quest Partners LLC bought a new stake in shares of NewMarket in the second quarter worth $38,000. Blue Trust Inc. raised its holdings in NewMarket by 590.9% in the third quarter. Blue Trust Inc. now owns 76 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 65 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in NewMarket during the 2nd quarter valued at $54,000. Finally, nVerses Capital LLC acquired a new position in NewMarket during the 2nd quarter worth $103,000. Institutional investors and hedge funds own 61.09% of the company’s stock.

NewMarket Price Performance

NEU opened at $541.60 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.83. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00. The company has a 50-day moving average of $537.02 and a 200-day moving average of $540.39. The company has a market capitalization of $5.20 billion, a P/E ratio of 12.03 and a beta of 0.50.

NewMarket (NYSE:NEU) last announced its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. NewMarket had a return on equity of 35.79% and a net margin of 15.57%. The firm had revenue of $724.95 million during the quarter.

NewMarket Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, December 16th. NewMarket’s dividend payout ratio is currently 22.21%.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.