Chase Co. (CCF) Stake Decreased by EAM Investors LLC
EAM Investors LLC decreased its position in shares of Chase Co. (NYSEMKT:CCF) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,982 shares of the construction company’s stock after selling 1,512 shares during the period. EAM Investors LLC owned about 0.10% of Chase worth $958,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Chase by 5.3% during the second quarter. Vanguard Group Inc. now owns 325,213 shares of the construction company’s stock valued at $34,700,000 after purchasing an additional 16,515 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Chase by 14.5% during the second quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock valued at $19,431,000 after purchasing an additional 23,118 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Chase by 78.4% during the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after purchasing an additional 79,963 shares during the last quarter. Northern Trust Corp grew its stake in shares of Chase by 4.7% during the second quarter. Northern Trust Corp now owns 92,828 shares of the construction company’s stock valued at $9,904,000 after purchasing an additional 4,199 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Chase by 13.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock valued at $4,777,000 after purchasing an additional 5,178 shares during the last quarter.
In other Chase news, Director George M. Hughes sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.46, for a total value of $54,730.00. Following the completion of the transaction, the director now directly owns 1,899 shares in the company, valued at approximately $207,864.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 950 shares of company stock valued at $97,765.
Separately, BidaskClub raised shares of Chase from a “hold” rating to a “buy” rating in a research note on Tuesday.
Chase Co. (NYSEMKT CCF) opened at 111.00 on Thursday. Chase Co. has a 52 week low of $61.75 and a 52 week high of $116.15. The company has a market capitalization of $1.03 billion, a PE ratio of 25.23 and a beta of 1.64. The firm has a 50-day moving average of $96.78 and a 200-day moving average of $101.23.
Chase (NYSEMKT:CCF) last released its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The business had revenue of $64.90 million during the quarter. Equities analysts expect that Chase Co. will post $1.91 earnings per share for the current fiscal year.
Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.
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