Mawer Investment Management Ltd. purchased a new stake in Chase Co. (NYSEAMERICAN:CCF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 299,100 shares of the construction company’s stock, valued at approximately $32,195,000. Mawer Investment Management Ltd. owned about 3.18% of Chase as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CCF. Neuberger Berman Group LLC increased its holdings in shares of Chase by 8.9% in the 1st quarter. Neuberger Berman Group LLC now owns 695,799 shares of the construction company’s stock valued at $64,389,000 after acquiring an additional 56,845 shares during the last quarter. Choate Investment Advisors increased its stake in Chase by 36.8% in the 1st quarter. Choate Investment Advisors now owns 302,383 shares of the construction company’s stock valued at $27,983,000 after purchasing an additional 81,392 shares in the last quarter. Champlain Investment Partners LLC increased its position in Chase by 37.0% during the first quarter. Champlain Investment Partners LLC now owns 191,030 shares of the construction company’s stock worth $17,678,000 after buying an additional 51,595 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Chase during the second quarter worth $16,660,000. Finally, Systematic Financial Management LP increased its position in Chase by 35.4% during the first quarter. Systematic Financial Management LP now owns 61,000 shares of the construction company’s stock worth $5,645,000 after buying an additional 15,950 shares in the last quarter.
Separately, TheStreet upgraded Chase from a “c+” rating to a “b-” rating in a report on Monday, June 10th.
In other news, insider Peter R. Chase sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $110.64, for a total value of $165,960.00. Following the transaction, the insider now directly owns 95,605 shares of the company’s stock, valued at $10,577,737.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter R. Chase sold 500 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $109.09, for a total transaction of $54,545.00. Following the completion of the transaction, the insider now directly owns 95,605 shares in the company, valued at $10,429,549.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,600 shares of company stock worth $285,509.
Shares of NYSEAMERICAN CCF traded down $2.14 during midday trading on Friday, hitting $93.89. 574 shares of the company’s stock were exchanged, compared to its average volume of 27,799. Chase Co. has a twelve month low of $80.51 and a twelve month high of $131.70.
Chase (NYSEAMERICAN:CCF) last announced its quarterly earnings data on Tuesday, July 9th. The construction company reported $0.92 EPS for the quarter. The company 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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