Chase Co. (CCF) Downgraded by BidaskClub to Buy

BidaskClub cut shares of Chase Co. (NYSEMKT:CCF) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Chase (NYSEMKT CCF) traded up $0.25 during trading on Friday, reaching $119.50. 18,974 shares of the company traded hands, compared to its average volume of 19,116. Chase has a one year low of $70.11 and a one year high of $127.65.

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The company also recently announced 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. This represents a yield of 0.67%. This is a positive change from Chase’s previous annual dividend of $0.70. The ex-dividend date is Wednesday, November 8th.

In other Chase news, Director Everett Chadwick, Jr. sold 250 shares of the company’s 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 completion of the transaction, the director now directly owns 1,397 shares in the company, valued at approximately $169,037. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 400 shares of company stock valued at $44,335 over the last 90 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in shares of Chase by 4.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock valued at $144,000 after acquiring an additional 59 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Chase by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after acquiring an additional 74 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Chase by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after acquiring an additional 278 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Chase during the 2nd quarter valued at approximately $221,000. Finally, Citadel Advisors LLC boosted its position in shares of Chase by 11.1% during the 2nd quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock valued at $261,000 after acquiring an additional 245 shares during the last quarter.

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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