Janney Montgomery Scott LLC Sells 300 Shares of Chase Co. (CCF)
Janney Montgomery Scott LLC lowered its stake in Chase Co. (NYSEMKT:CCF) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 7,000 shares of the construction company’s stock after selling 300 shares during the period. Janney Montgomery Scott LLC’s holdings in Chase were worth $747,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC increased its position in shares of Chase by 23.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock valued at $318,000 after buying an additional 571 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after buying an additional 4,328 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Chase by 140.9% in the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock worth $396,000 after buying an additional 2,172 shares in the last quarter.
Chase Co. (NYSEMKT CCF) opened at 97.05 on Wednesday. Chase Co. has a 52 week low of $60.39 and a 52 week high of $116.15. The stock has a 50 day moving average price of $104.58 and a 200-day moving average price of $100.38. The firm has a market capitalization of $898.49 million, a P/E ratio of 22.06 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The company had revenue of $64.90 million during the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. Analysts anticipate that Chase Co. will post $1.91 EPS for the current fiscal year.
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Separately, BidaskClub raised Chase from a “sell” rating to a “hold” rating in a research note on Tuesday.
In other news, Director George M. Hughes sold 500 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the sale, the director now directly owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 900 shares of company stock valued at $94,080.
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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