Chase Manhattan Co. (NYSEAMERICAN:CCF) Director Lewis P. Gack sold 820 shares of the stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $106.54, for a total transaction of $87,362.80. Following the sale, the director now owns 4,860 shares of the company’s stock, valued at approximately $517,784.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CCF opened at $106.65 on Tuesday. Chase Manhattan Co. has a fifty-two week low of $83.35 and a fifty-two week high of $129.55.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Chase Manhattan by 81.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,141 shares of the construction company’s stock worth $138,000 after purchasing an additional 511 shares in the last quarter. Anchor Capital Advisors LLC purchased a new position in Chase Manhattan during the fourth quarter worth about $202,000. Algert Global LLC purchased a new position in Chase Manhattan during the fourth quarter worth about $220,000. Teacher Retirement System of Texas purchased a new position in Chase Manhattan during the fourth quarter worth about $313,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Chase Manhattan during the fourth quarter worth about $425,000.
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Chase Manhattan Company Profile
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 communication and local area network cables; moisture protective coatings for 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 composite strength elements for use in wind energy generation.
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