BlackRock Inc. raised its stake in Chase Co. (NYSEAMERICAN:CCF) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 504,068 shares of the construction company’s stock after purchasing an additional 30,890 shares during the period. BlackRock Inc. owned 5.36% of Chase worth $59,101,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of Chase by 79.4% in the 1st quarter. UBS Group AG now owns 1,760 shares of the construction company’s stock worth $204,000 after purchasing an additional 779 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Chase in the 1st quarter worth about $208,000. Aperio Group LLC bought a new stake in shares of Chase in the 2nd quarter worth about $529,000. Alps Advisors Inc. bought a new stake in shares of Chase in the 2nd quarter worth about $579,000. Finally, Strs Ohio increased its position in shares of Chase by 8.5% in the 2nd quarter. Strs Ohio now owns 7,700 shares of the construction company’s stock worth $902,000 after purchasing an additional 600 shares during the last quarter.
CCF opened at $110.10 on Friday. Chase Co. has a 1-year low of $95.00 and a 1-year high of $131.70.
In related news, CEO Adam Chase sold 6,965 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $123.45, for a total transaction of $859,829.25. Following the completion of the sale, the chief executive officer now owns 307,585 shares of the company’s stock, valued at approximately $37,971,368.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter R. Chase sold 405 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $124.83, for a total transaction of $50,556.15. Following the sale, the chairman now directly owns 5,693 shares of the company’s stock, valued at approximately $710,657.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,173 shares of company stock valued at $2,507,685.
Chase Corporation manufactures and sells protective materials for various applications worldwide. It operates through two segments, Industrial Materials and Construction Materials. The Industrial Materials segment offers insulating and conducting materials to wire and cable manufacturers; laminated film foils for communication and local area network cables; moisture protective coatings for electronics industry; laminated durable papers, including laminated papers for envelope converting and commercial printing industries; pulling and detection tapes for fiber optic cables, and water and natural gas lines, as well as power, data, and video cables; cover tapes for semiconductor components; advanced adhesives, sealants, and coatings for automotive and industrial applications; polymeric microspheres; water-based polyurethane dispersions for various coating products; and composite strength elements for use in wind energy generation.
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