grace capital bought a new position in shares of Chase Co. (NYSEAMERICAN:CCF) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,578 shares of the construction company’s stock, valued at approximately $420,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in shares of Chase by 79.4% during 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 in the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of Chase during the 1st quarter worth $208,000. Citadel Advisors LLC acquired a new stake in shares of Chase during the 2nd quarter worth $239,000. Aperio Group LLC acquired a new stake in shares of Chase during the 2nd quarter worth $529,000. Finally, Alps Advisors Inc. acquired a new stake in Chase in the second quarter valued at about $579,000.
NYSEAMERICAN:CCF opened at $124.50 on Friday. Chase Co. has a twelve month low of $95.00 and a twelve month high of $131.70.
Chase (NYSEAMERICAN:CCF) last released its quarterly earnings data on Thursday, July 5th. The construction company reported $1.32 earnings per share for the quarter. The business had revenue of $78.92 million for the quarter. Chase had a return on equity of 15.54% and a net margin of 13.43%.
In other Chase news, CFO Kenneth James Feroldi sold 1,048 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $125.13, for a total value of $131,136.24. Following the completion of the transaction, the chief financial officer now directly owns 16,277 shares in the company, valued at $2,036,741.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Chase sold 6,965 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $123.45, for a total value of $859,829.25. Following the completion of the transaction, the chief executive officer now owns 307,585 shares of the company’s stock, valued at $37,971,368.25. The disclosure for this sale can be found here. Insiders sold 21,473 shares of company stock worth $2,669,607 over the last ninety days.
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.
See Also: Earnings Per Share (EPS) Explained
Want to see what other hedge funds are holding CCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chase Co. (NYSEAMERICAN:CCF).
Receive News & Ratings for Chase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chase and related companies with MarketBeat.com's FREE daily email newsletter.