AltraVue Capital LLC acquired a new stake in Chase Co. (NYSEAMERICAN:CCF) in the first quarter, HoldingsChannel.com reports. The fund acquired 36,370 shares of the construction company’s stock, valued at approximately $3,366,000. Chase makes up about 1.9% of AltraVue Capital LLC’s portfolio, making the stock its 25th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in shares of Chase by 29.1% during the third quarter. Neuberger Berman Group LLC now owns 565,039 shares of the construction company’s stock worth $67,889,000 after purchasing an additional 127,362 shares during the period. Royce & Associates LP increased its stake in shares of Chase by 0.7% during the fourth quarter. Royce & Associates LP now owns 380,459 shares of the construction company’s stock worth $38,065,000 after purchasing an additional 2,672 shares during the period. Vanguard Group Inc increased its stake in shares of Chase by 1.2% during the third quarter. Vanguard Group Inc now owns 350,323 shares of the construction company’s stock worth $42,091,000 after purchasing an additional 4,176 shares during the period. Vanguard Group Inc. increased its stake in shares of Chase by 1.2% during the third quarter. Vanguard Group Inc. now owns 350,323 shares of the construction company’s stock worth $42,091,000 after purchasing an additional 4,176 shares during the period. Finally, Choate Investment Advisors increased its stake in shares of Chase by 36.8% during the first quarter. Choate Investment Advisors now owns 302,383 shares of the construction company’s stock worth $27,983,000 after purchasing an additional 81,392 shares during the period.
In other news, Director Lewis P. Gack sold 650 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $91.07, for a total transaction of $59,195.50. Following the transaction, the director now owns 4,357 shares in the company, valued at $396,791.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Chase (NYSEAMERICAN:CCF) last announced its earnings results on Tuesday, April 9th. The construction company reported $0.77 earnings per share for the quarter. The firm had revenue of $66.63 million for the quarter.
Separately, TheStreet lowered Chase from a “b” rating to a “c+” rating in a research note on Thursday, April 11th.
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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 use in communication and local area network cables; moisture protective coatings for the 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 superabsorbent polymers.
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