Chase (CCF) Cut to Hold at BidaskClub

Chase (NYSEAMERICAN:CCF) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Shares of Chase (NYSEAMERICAN CCF) traded down $10.05 during trading hours on Friday, hitting $116.25. The stock had a trading volume of 14,676 shares, compared to its average volume of 18,392. Chase has a 1-year low of $76.55 and a 1-year high of $129.55.

In other Chase news, Director Everett Chadwick, Jr. sold 250 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $121.00, for a total value of $30,250.00. Following the completion of the transaction, the director now owns 1,397 shares in the company, valued at approximately $169,037. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several institutional investors have recently added to or reduced their stakes in CCF. Neuberger Berman Group LLC boosted its stake in shares of Chase by 78.4% during the 2nd 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 during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Chase by 14.5% during the 2nd quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock valued at $19,431,000 after buying an additional 23,118 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Chase by 358.5% during the 2nd 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 during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Chase by 244.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 24,100 shares of the construction company’s stock valued at $2,685,000 after buying an additional 17,100 shares during the last quarter. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Chase during the 2nd quarter valued at approximately $1,784,000.

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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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