ChampionX Co. (NASDAQ:CHX) Shares Bought by Yakira Capital Management Inc.

Yakira Capital Management Inc. boosted its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 29.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 218,290 shares of the company's stock after acquiring an additional 50,300 shares during the quarter. ChampionX accounts for about 2.2% of Yakira Capital Management Inc.'s portfolio, making the stock its 12th biggest holding. Yakira Capital Management Inc. owned 0.11% of ChampionX worth $5,935,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in ChampionX by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company's stock worth $15,002,000 after buying an additional 7,569 shares in the last quarter. Benjamin Edwards Inc. raised its stake in ChampionX by 31.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company's stock valued at $512,000 after purchasing an additional 4,105 shares during the last quarter. Holocene Advisors LP purchased a new position in ChampionX in the 3rd quarter valued at $444,000. HighTower Advisors LLC boosted its stake in ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock worth $405,000 after purchasing an additional 564 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of ChampionX during the third quarter worth $265,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

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ChampionX Price Performance

Shares of NASDAQ CHX traded up $0.74 during mid-day trading on Friday, reaching $24.13. The company's stock had a trading volume of 3,073,358 shares, compared to its average volume of 2,500,837. The stock has a market capitalization of $4.60 billion, a P/E ratio of 14.57 and a beta of 1.81. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $39.00. The stock has a 50-day moving average of $28.58 and a two-hundred day moving average of $29.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, equities research analysts anticipate that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's payout ratio is currently 23.03%.

About ChampionX

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.