Bessemer Group Inc. Decreases Holdings in Chase Co. (CCF)

Bessemer Group Inc. reduced its position in Chase Co. (NYSEAMERICAN:CCF) by 23.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,200 shares of the construction company’s stock after selling 2,500 shares during the quarter. Bessemer Group Inc.’s holdings in Chase were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CCF. Legal & General Group Plc lifted its stake 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 purchasing an additional 74 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of Chase in the 2nd quarter valued at $221,000. Citadel Advisors LLC lifted its stake 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 purchasing an additional 245 shares during the period. First Quadrant L P CA lifted its stake in shares of Chase by 50.4% in the 3rd quarter. First Quadrant L P CA now owns 2,866 shares of the construction company’s stock valued at $319,000 after purchasing an additional 960 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in shares of Chase in the 2nd quarter valued at $347,000.

In other news, Director George M. Hughes sold 300 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $114.78, for a total transaction of $34,434.00. Following the completion of the sale, the director now owns 1,599 shares of the company’s stock, valued at $183,533.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth James Feroldi sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $116.31, for a total transaction of $232,620.00. Following the sale, the chief financial officer now directly owns 18,525 shares of the company’s stock, valued at approximately $2,154,642.75. The disclosure for this sale can be found here. Insiders have sold 2,470 shares of company stock valued at $286,824 over the last 90 days.

Separately, BidaskClub cut shares of Chase from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th.

Chase Co. (CCF) opened at $102.85 on Friday. The firm has a market cap of $978.26, a price-to-earnings ratio of 24.37 and a beta of 0.89. Chase Co. has a 12-month low of $83.35 and a 12-month high of $129.55.

Chase (NYSEAMERICAN:CCF) last posted its quarterly earnings data on Monday, January 8th. The construction company reported $0.88 earnings per share for the quarter. The company had revenue of $61.92 million during the quarter. Chase had a net margin of 13.43% and a return on equity of 15.54%.

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Chase Company Profile

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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Institutional Ownership by Quarter for Chase (NYSEAMERICAN:CCF)

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