Insider Selling: Chase Co. (CCF) Director Sells 200 Shares of Stock
Chase Co. (NYSEMKT:CCF) Director Lewis P. Gack sold 200 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $96.75, for a total value of $19,350.00. Following the completion of the transaction, the director now owns 7,334 shares of the company’s stock, valued at $709,564.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Chase Co. (NYSEMKT:CCF) traded down 0.21% on Tuesday, reaching $97.25. The company’s stock had a trading volume of 10,531 shares. The firm has a 50 day moving average price of $108.03 and a 200 day moving average price of $99.56. Chase Co. has a 52 week low of $60.39 and a 52 week high of $116.15. The stock has a market capitalization of $900.34 million, a P/E ratio of 22.11 and a beta of 1.64.
Chase (NYSEMKT:CCF) last released its earnings results on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. The firm had revenue of $64.90 million during the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. On average, equities analysts anticipate that Chase Co. will post $1.91 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its stake in shares of Chase by 78.4% in the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after buying an additional 79,963 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Chase by 358.5% in the second quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock valued at $2,840,000 after buying an additional 20,812 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Chase by 13.1% in 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 buying an additional 5,178 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock valued at $1,574,000 after buying an additional 4,328 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Chase during the second quarter valued at about $348,000.
Separately, BidaskClub cut Chase from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
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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