Wilen Investment Management CORP. Has $13.25 Million Stake in Chase Co. (CCF)

Wilen Investment Management CORP. lessened its position in Chase Co. (NYSEAMERICAN:CCF) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,416 shares of the construction company’s stock after selling 2,964 shares during the period. Chase comprises about 8.9% of Wilen Investment Management CORP.’s portfolio, making the stock its largest holding. Wilen Investment Management CORP. owned 1.17% of Chase worth $13,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCF. UBS Group AG grew its position in shares of Chase by 79.4% in the 1st quarter. UBS Group AG now owns 1,760 shares of the construction company’s stock valued at $204,000 after acquiring an additional 779 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Chase during the 2nd quarter worth about $579,000. Aperio Group LLC acquired a new stake in shares of Chase during the 2nd quarter worth about $529,000. Strs Ohio lifted its stake in shares of Chase by 8.5% during the 2nd quarter. Strs Ohio now owns 7,700 shares of the construction company’s stock worth $902,000 after buying an additional 600 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of Chase by 15.1% during the 2nd quarter. Systematic Financial Management LP now owns 39,700 shares of the construction company’s stock worth $4,655,000 after buying an additional 5,200 shares during the last quarter.

NYSEAMERICAN CCF opened at $107.22 on Monday. Chase Co. has a 52-week low of $95.00 and a 52-week high of $131.70.

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Friday, November 23rd will be issued a $0.80 dividend. This represents a yield of 0.75%. The ex-dividend date is Wednesday, November 21st.

In other news, insider Peter R. Chase sold 750 shares of Chase stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $123.58, for a total value of $92,685.00. Following the sale, the insider now directly owns 5,693 shares of the company’s stock, valued at $703,540.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Peter R. Chase sold 500 shares of Chase stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $124.71, for a total value of $62,355.00. Following the completion of the sale, the chairman now directly owns 5,693 shares in the company, valued at $709,974.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,750 shares of company stock worth $470,570.

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Chase 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.

Further Reading: Why is the ex-dividend date different from the record date?

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Institutional Ownership by Quarter for Chase (NYSEAMERICAN:CCF)

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