BidaskClub downgraded shares of Chase Co. (NYSEMKT:CCF) from a strong-buy rating to a buy rating in a report published on Friday morning.
Shares of Chase (CCF) opened at $119.50 on Friday. Chase has a 52 week low of $70.11 and a 52 week high of $127.65.
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The firm also recently disclosed an annual dividend, which will be paid on Wednesday, December 6th. Investors of record on Thursday, November 9th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, November 8th. This represents a dividend yield of 0.67%. This is a boost from Chase’s previous annual dividend of $0.70.
In related news, Director Everett Chadwick, Jr. sold 250 shares of Chase stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $121.00, for a total value of $30,250.00. Following the completion of the transaction, the director now owns 1,397 shares in the company, valued at $169,037. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 400 shares of company stock valued at $44,335 in the last 90 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC boosted its holdings in shares of Chase by 4.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock valued at $144,000 after buying an additional 59 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Chase by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after buying an additional 74 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Chase by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after buying an additional 278 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Chase in the 2nd quarter valued at $221,000. Finally, Citadel Advisors LLC boosted its holdings in shares of Chase by 11.1% in the 2nd quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock valued at $261,000 after buying an additional 245 shares in the last quarter.
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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