25,586 Shares in Innovex International, Inc. (NYSE:INVX) Purchased by Olympiad Research LP

Olympiad Research LP bought a new position in Innovex International, Inc. (NYSE:INVX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,586 shares of the company’s stock, valued at approximately $357,000.

Other hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Innovex International in the fourth quarter worth about $63,000. D.A. Davidson & CO. purchased a new stake in shares of Innovex International in the fourth quarter worth about $193,000. Moody National Bank Trust Division purchased a new stake in shares of Innovex International in the fourth quarter worth about $234,000. Louisiana State Employees Retirement System lifted its position in shares of Innovex International by 9.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the company’s stock worth $254,000 after buying an additional 1,500 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Innovex International by 8.9% in the fourth quarter. State of Alaska Department of Revenue now owns 21,402 shares of the company’s stock worth $298,000 after buying an additional 1,741 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on INVX. Pickering Energy Partners upgraded Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays reduced their price objective on Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 26th.

Insiders Place Their Bets

In related news, CFO Kendal Reed acquired 3,765 shares of Innovex International stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $13.28 per share, with a total value of $49,999.20. Following the completion of the purchase, the chief financial officer now directly owns 186,232 shares of the company’s stock, valued at $2,473,160.96. The trade was a 2.06 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by insiders.

Innovex International Price Performance

Shares of NYSE INVX opened at $16.67 on Friday. The stock’s 50 day moving average is $15.50. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. Innovex International, Inc. has a 1-year low of $12.54 and a 1-year high of $25.19. The company has a market capitalization of $1.12 billion, a PE ratio of 11.82 and a beta of 0.89.

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.