Semanteon Capital Management LP Purchases Shares of 11,872 Stepan Company $SCL

Semanteon Capital Management LP acquired a new position in Stepan Company (NYSE:SCL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,872 shares of the basic materials company’s stock, valued at approximately $566,000.

Other institutional investors have also modified their holdings of the company. Bridgeway Capital Management LLC bought a new position in Stepan during the second quarter valued at about $5,573,000. HighTower Advisors LLC lifted its holdings in Stepan by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,599,083 shares of the basic materials company’s stock valued at $76,276,000 after acquiring an additional 91,746 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in Stepan by 6.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,336,855 shares of the basic materials company’s stock valued at $72,966,000 after acquiring an additional 83,941 shares during the last quarter. CenterBook Partners LP boosted its position in shares of Stepan by 469.7% during the 2nd quarter. CenterBook Partners LP now owns 98,298 shares of the basic materials company’s stock valued at $5,365,000 after purchasing an additional 81,045 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Stepan in the 2nd quarter worth approximately $3,390,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Stepan from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Stepan presently has a consensus rating of “Hold”.

Stepan Stock Up 1.5%

SCL stock opened at $67.30 on Friday. Stepan Company has a 52-week low of $41.82 and a 52-week high of $68.00. The company’s 50 day simple moving average is $54.71 and its 200-day simple moving average is $49.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.30 and a quick ratio of 0.84. The firm has a market capitalization of $1.52 billion, a P/E ratio of 33.99 and a beta of 1.05.

Stepan Profile

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.