Chase (NYSEAMERICAN:CCF) Shares Gap Down to $117.37

Shares of Chase Co. (NYSEAMERICAN:CCF) gapped down before the market opened on Wednesday . The stock had previously closed at $117.37, but opened at $115.00. Chase shares last traded at $115.17, with a volume of 49 shares.

The firm’s 50 day moving average price is $108.31. The stock has a market capitalization of $1.10 billion, a PE ratio of 29.38 and a beta of 0.61.

In other Chase news, CEO Adam Chase sold 1,000 shares of Chase stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $118.54, for a total value of $118,540.00. Following the completion of the transaction, the chief executive officer now directly owns 32,574 shares of the company’s stock, valued at approximately $3,861,321.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $331,310 in the last three months. Insiders own 14.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in CCF. Nisa Investment Advisors LLC bought a new position in shares of Chase during the 4th quarter worth approximately $30,000. Captrust Financial Advisors purchased a new position in shares of Chase in the 4th quarter worth about $70,000. NEXT Financial Group Inc boosted its stake in Chase by 126.2% in the fourth quarter. NEXT Financial Group Inc now owns 778 shares of the construction company’s stock valued at $79,000 after acquiring an additional 434 shares during the last quarter. Citigroup Inc. grew its holdings in Chase by 157.3% during the fourth quarter. Citigroup Inc. now owns 1,711 shares of the construction company’s stock valued at $173,000 after purchasing an additional 1,046 shares during the period. Finally, Handelsbanken Fonder AB bought a new position in shares of Chase during the 4th quarter worth $211,000. 69.59% of the stock is currently owned by hedge funds and other institutional investors.


Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide. It operates through three segments: Adhesives, Sealants and Additives; Industrial Tapes; and Corrosion Protection and Waterproofing. The Adhesives, Sealants and Additives segment offers protective conformal and moisture protective electronic coatings; advanced adhesives, sealants, and coatings; polymeric microspheres; polyurethane dispersions; and superabsorbent polymers.

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