Los Angeles Capital Management LLC Buys 3,541 Shares of Chase Co. (NYSEAMERICAN:CCF)

Los Angeles Capital Management LLC raised its stake in shares of Chase Co. (NYSEAMERICAN:CCFGet Rating) by 26.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,840 shares of the construction company’s stock after purchasing an additional 3,541 shares during the period. Los Angeles Capital Management LLC owned 0.18% of Chase worth $1,407,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of Chase in the second quarter valued at about $8,633,000. Gamco Investors INC. ET AL purchased a new position in shares of Chase in the first quarter valued at about $2,505,000. Roubaix Capital LLC lifted its position in shares of Chase by 85.4% in the second quarter. Roubaix Capital LLC now owns 37,161 shares of the construction company’s stock valued at $2,891,000 after acquiring an additional 17,116 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Chase by 2.9% in the first quarter. Renaissance Technologies LLC now owns 358,000 shares of the construction company’s stock valued at $31,114,000 after acquiring an additional 10,100 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Chase by 17.0% in the first quarter. UBS Group AG now owns 57,174 shares of the construction company’s stock valued at $4,969,000 after acquiring an additional 8,328 shares in the last quarter. Institutional investors own 70.36% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded Chase from a “c+” rating to a “b-” rating in a research report on Friday, November 18th.

Insider Buying and Selling at Chase

In other Chase news, CEO Adam Chase sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $90.42, for a total transaction of $135,630.00. Following the sale, the chief executive officer now directly owns 195,745 shares in the company, valued at $17,699,262.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.00% of the company’s stock.

Chase Trading Up 1.0 %

NYSEAMERICAN:CCF opened at $88.99 on Monday. The company has a quick ratio of 10.58, a current ratio of 12.36 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $845.41 million, a P/E ratio of 18.93 and a beta of 0.66. Chase Co. has a 12 month low of $74.36 and a 12 month high of $100.71. The stock has a 50-day moving average price of $89.34.

Chase (NYSEAMERICAN:CCFGet Rating) last posted its earnings results on Thursday, November 10th. The construction company reported $1.48 EPS for the quarter. The company had revenue of $88.08 million for the quarter. Chase had a return on equity of 13.61% and a net margin of 13.72%.

Chase Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 9th. Shareholders of record on Wednesday, November 30th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a yield of 1.1%. Chase’s dividend payout ratio (DPR) is presently 21.28%.

About Chase

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Chase Corporation, a specialty chemicals company, engages in the manufacture and sale of protective materials for various applications in North America, Asia, the Middle East, Europe, and internationally. It operates through three segments: Adhesives, Sealants and Additives; Industrial Tapes; and Corrosion Protection and Waterproofing.

See Also

Institutional Ownership by Quarter for Chase (NYSEAMERICAN:CCF)

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