WCM Investment Management LLC Takes $4.29 Million Position in Chase Co. (NYSEAMERICAN:CCF)
WCM Investment Management LLC acquired a new stake in Chase Co. (NYSEAMERICAN:CCF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,810 shares of the construction company’s stock, valued at approximately $4,285,000. WCM Investment Management LLC owned approximately 0.42% of Chase at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Chase by 45.9% during the 4th quarter. Bank of America Corp DE now owns 10,694 shares of the construction company’s stock valued at $1,070,000 after buying an additional 3,362 shares during the period. Legal & General Group Plc raised its holdings in shares of Chase by 12.1% during the 4th quarter. Legal & General Group Plc now owns 1,317 shares of the construction company’s stock valued at $132,000 after buying an additional 142 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Chase by 75,550.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the construction company’s stock valued at $140,000 after buying an additional 1,511 shares during the period. Choate Investment Advisors raised its holdings in shares of Chase by 36.8% during the 1st quarter. Choate Investment Advisors now owns 302,383 shares of the construction company’s stock valued at $27,983,000 after buying an additional 81,392 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in shares of Chase during the 1st quarter valued at about $83,000.
In other news, insider Peter R. Chase sold 600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $108.34, for a total value of $65,004.00. Following the completion of the transaction, the insider now directly owns 95,605 shares of the company’s stock, valued at approximately $10,357,845.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter R. Chase sold 500 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $109.09, for a total value of $54,545.00. Following the completion of the transaction, the insider now directly owns 95,605 shares of the company’s stock, valued at $10,429,549.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,600 shares of company stock valued at $285,509.
Shares of Chase stock traded down $0.03 during trading on Thursday, hitting $97.84. The stock had a trading volume of 602 shares, compared to its average volume of 27,775. Chase Co. has a fifty-two week low of $80.51 and a fifty-two week high of $131.70.
Chase (NYSEAMERICAN:CCF) last announced its earnings results on Tuesday, July 9th. The construction company reported $0.92 earnings per share for the quarter. The business had revenue of $72.11 million for the quarter.
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 use in communication and local area network cables; moisture protective coatings for the 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 superabsorbent polymers.
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