Gabelli Funds LLC grew its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,879 shares of the company's stock after acquiring an additional 87,500 shares during the quarter. Gabelli Funds LLC owned 0.16% of ChampionX worth $8,154,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new position in ChampionX during the fourth quarter worth $74,032,000. Calamos Advisors LLC grew its holdings in ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock worth $40,635,000 after acquiring an additional 1,232,500 shares during the period. Birnam Oak Advisors LP bought a new position in shares of ChampionX in the 4th quarter worth about $17,037,000. Oddo BHF Asset Management Sas acquired a new position in shares of ChampionX in the 3rd quarter valued at about $15,075,000. Finally, Alpine Associates Management Inc. lifted its stake in shares of ChampionX by 63.5% in the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock valued at $32,158,000 after purchasing an additional 459,200 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.
ChampionX Trading Up 2.9 %
NASDAQ CHX traded up $0.72 during trading hours on Friday, hitting $25.41. 3,021,430 shares of the company's stock were exchanged, compared to its average volume of 2,526,659. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 15.40 and a beta of 1.81. The stock has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $28.95. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $35.94.
ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping the consensus estimate 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 analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.
ChampionX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is currently 23.03%.
ChampionX Profile
(
Free Report)
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.
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