The stock of Chase Corporation (NYSEMKT:CCF) hit a new 52-week high and has $97.88 target or 35.00% above today’s $72.50 share price. The 6 months bullish chart indicates low risk for the $730.37M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $97.88 price target is reached, the company will be worth $255.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 23,625 shares traded hands or 6.33% up from the average. Chase Corporation (NYSEMKT:CCF) has risen 30.17% since April 11, 2016 and is uptrending. It has outperformed by 24.03% the S&P500.
According to Zacks Investment Research, “CHASE CORP. manufactures insulating and semi-conducting electrical cable tape wrappings, cable filling compounds, anti-corrosion mastics, reinforced rubber and asphalt tapes and bridge deck corrosion barrier membranes. Co.’s principal products are protective coatings and tape products that are sold in national and international markets.”
Insitutional Activity: The institutional sentiment increased to 1.83 in 2016 Q2. Its up 0.31, from 1.52 in 2016Q1. The ratio increased, as 8 funds sold all Chase Corporation shares owned while 21 reduced positions. 18 funds bought stakes while 35 increased positions. They now own 4.67 million shares or 10.07% less from 5.19 million shares in 2016Q1.
Financial Bank Of America De holds 0% or 1,720 shares in its portfolio. Ghp Advsr holds 3,798 shares or 0.05% of its portfolio. Gsa Prtnrs Llp accumulated 3,443 shares or 0.01% of the stock. Mackenzie Corporation reported 10,604 shares or 0% of all its holdings. Deutsche State Bank Ag has invested 0% of its portfolio in Chase Corporation (NYSEMKT:CCF). Moreover, Janney Montgomery Scott Ltd has 0.01% invested in Chase Corporation (NYSEMKT:CCF) for 9,400 shares. Blackrock Institutional Tru Company Na last reported 227,990 shares in the company. Moreover, New York State Common Retirement Fund has 0% invested in Chase Corporation (NYSEMKT:CCF) for 8,700 shares. Moreover, Globeflex Lp has 0.06% invested in Chase Corporation (NYSEMKT:CCF) for 3,600 shares. Blackrock Incorporated reported 900 shares or 0% of all its holdings. Bogle Invest Limited Partnership De last reported 4,991 shares in the company. The Colorado-based Asset Mgmt has invested 0.01% in Chase Corporation (NYSEMKT:CCF). Schwab Charles Management holds 0% of its portfolio in Chase Corporation (NYSEMKT:CCF) for 20,459 shares. Wilen Investment Mgmt Corp accumulated 213,124 shares or 8.1% of the stock. Schroder Investment Management Gp holds 6,200 shares or 0% of its portfolio.
Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 8 selling transactions for $390,691 net activity. HUGHES GEORGE M also sold $62,250 worth of Chase Corporation (NYSEMKT:CCF) shares. The insider Chase Mary Claire sold $38,440. The insider GACK LEWIS P sold $16,947.
Another recent and important Chase Corporation (NYSEMKT:CCF) news was published by Nasdaq.com which published an article titled: “Chase Corporation (CCF) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.
CCF Company Profile
Chase Corporation (Chase), incorporated on March 1, 1988, is a maker of protective materials for high reliability applications. The Firm operates in two divisions: industrial materials segment and construction materials segment. The industrial materials segment represents its specified products, which are used in or integrated into another company’s product with demand dependent upon general economic conditions. The construction materials segment reflects its construction project oriented product offerings, which are primarily sold and used as Chase branded products in final form.
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