First Trust Advisors LP lessened its stake in shares of Chase Co. (NYSEAMERICAN:CCF) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,255 shares of the construction company’s stock after selling 8,363 shares during the period. First Trust Advisors LP owned about 0.20% of Chase worth $2,034,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Strs Ohio increased its holdings in shares of Chase by 6.8% in the 3rd quarter. Strs Ohio now owns 7,900 shares of the construction company’s stock valued at $880,000 after purchasing an additional 500 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of Chase in the 2nd quarter valued at about $347,000. Susquehanna International Group LLP acquired a new position in shares of Chase in the 2nd quarter valued at about $409,000. Russell Investments Group Ltd. increased its holdings in shares of Chase by 140.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock valued at $396,000 after purchasing an additional 2,172 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Chase by 13.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock valued at $4,777,000 after purchasing an additional 5,178 shares during the period.
Separately, BidaskClub downgraded Chase from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
Shares of Chase Co. (NYSEAMERICAN CCF) traded down $0.20 on Monday, hitting $121.40. The stock had a trading volume of 4,200 shares, compared to its average volume of 22,008. Chase Co. has a one year low of $75.63 and a one year high of $127.65.
The company 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 yield of 0.67%. This is an increase from Chase’s previous annual dividend of $0.70. Chase’s dividend payout ratio is currently 18.02%.
In related news, Director Everett Chadwick, Jr. sold 250 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $121.00, for a total value of $30,250.00. Following the transaction, the director now owns 1,397 shares in the company, valued at $169,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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