Chase Co. (NYSEMKT:CCF) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Shares of Chase (NYSEMKT CCF) traded up 1.67% during midday trading on Friday, reaching $115.40. The company’s stock had a trading volume of 19,582 shares. The stock has a market capitalization of $1.07 billion, a PE ratio of 26.23 and a beta of 1.64. Chase has a 52 week low of $61.75 and a 52 week high of $117.50. The company has a 50 day moving average price of $103.65 and a 200-day moving average price of $103.34.

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In other Chase news, Director George M. Hughes sold 500 shares of the firm’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 transaction, the director now directly owns 1,899 shares of the company’s stock, valued at approximately $207,864.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 950 shares of company stock worth $97,765 over the last three months.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCF. Acrospire Investment Management LLC lifted its stake in Chase by 4.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock worth $144,000 after purchasing an additional 59 shares in the last quarter. Legal & General Group Plc raised its position in shares of Chase by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after buying an additional 74 shares during the period. Victory Capital Management Inc. raised its position in shares of Chase by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after buying an additional 278 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Chase during the 2nd quarter valued at approximately $221,000. Finally, Citadel Advisors LLC raised its position in shares of Chase by 11.1% during the 2nd quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock valued at $261,000 after buying an additional 245 shares during the period.

About Chase

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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