November 29, 2016 - By Peter Erickson · 0 Comments
The stock of Chase Corporation (NYSEMKT:CCF) registered an increase of 4.7% in short interest. CCF’s total short interest was 131,400 shares in November as published by FINRA. Its up 4.7% from 125,500 shares, reported previously. With 13,000 shares average volume, it will take short sellers 10 days to cover their CCF’s short positions. The short interest to Chase Corporation’s float is 1.88%. The stock increased 1.06% or $0.85 during the last trading session, hitting $81. Chase Corporation (NYSEMKT:CCF) has risen 47.14% since April 26, 2016 and is uptrending. It has outperformed by 41.88% the S&P500.
Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The company has a market cap of $757.94 million. The Company’s operating divisions include industrial materials segment and construction materials segment. It has a 22.97 P/E ratio. 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.
Insitutional Activity: The institutional sentiment decreased to 1.77 in Q2 2016. Its down 0.06, from 1.83 in 2016Q1. The ratio dropped, as 8 funds sold all Chase Corporation shares owned while 21 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 4.67 million shares or 10.07% less from 5.19 million shares in 2016Q1.
California Employees Retirement Sys has 0% invested in the company for 25,300 shares. Blackrock last reported 0% of its portfolio in the stock. Royal Fincl Bank Of Canada owns 3,802 shares or 0% of their US portfolio. Citigroup last reported 1,321 shares in the company. Bridgeway Capital Management Inc owns 10,100 shares or 0.01% of their US portfolio. Moreover, Intl Gru has 0% invested in Chase Corporation (NYSEMKT:CCF) for 4,065 shares. Wcm Invest Ca, a California-based fund reported 66,993 shares. Schwab Charles Invest reported 20,459 shares or 0% of all its holdings. Ativo Capital Limited Liability Corporation accumulated 19,038 shares or 0.27% of the stock. Blackrock Grp Inc Ltd, a United Kingdom-based fund reported 2,091 shares. Moreover, Sei Company has 0% invested in Chase Corporation (NYSEMKT:CCF) for 500 shares. Choate Investment, a Massachusetts-based fund reported 177,011 shares. The California-based Menta Capital Ltd has invested 0.03% in Chase Corporation (NYSEMKT:CCF). Teachers, a New York-based fund reported 12,640 shares. Tfs Capital Limited Com has 0.19% invested in the company for 17,118 shares.
Insider Transactions: Since July 20, 2016, the stock had 0 insider purchases, and 14 insider sales for $2.32 million net activity. On Thursday, November 17 the insider HUGHES GEORGE M sold $7,523. Another trade for 2,000 shares valued at $145,762 was sold by CHASE PETER R. On Monday, November 14 WROE THOMAS JR sold $361,500 worth of the stock or 5,000 shares. Chase Mary Claire also sold $60,750 worth of Chase Corporation (NYSEMKT:CCF) on Thursday, July 28. The insider Chadwick Everett JR sold 250 shares worth $19,000.
Chase Corporation (Chase), incorporated on March 1, 1988, is a maker of protective materials for high reliability applications. The Firm operates in two divisions: industrial materials segment and construction materials segment. The industrial materials segment represents its specified products, which are used in or integrated into another company’s product with demand dependent upon general economic conditions. The construction materials segment reflects its construction project oriented product offerings, which are primarily sold and used as Chase branded products in final form.
Another recent and important Chase Corporation (NYSEMKT:CCF) news was published by Reuters.com which published an article titled: “BRIEF-Chase Corporation acquires Resin Designs, LLC” on October 03, 2016.
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By Peter Erickson