Greenland Capital Management LP Acquires 62,179 Shares of ChampionX Co. (NASDAQ:CHX)

Greenland Capital Management LP lifted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 103.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,179 shares of the company's stock after buying an additional 62,179 shares during the quarter. Greenland Capital Management LP owned about 0.06% of ChampionX worth $3,322,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Benjamin Edwards Inc. boosted its holdings 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 period. HighTower Advisors LLC raised its position in shares of ChampionX by 4.3% in the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after buying an additional 564 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of ChampionX in the third quarter valued at approximately $265,000. Stifel Financial Corp boosted its stake in shares of ChampionX by 3.9% in the third quarter. Stifel Financial Corp now owns 153,756 shares of the company's stock valued at $4,636,000 after buying an additional 5,833 shares during the period. Finally, State Street Corp grew its position in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock worth $223,776,000 after buying an additional 122,622 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

ChampionX Price Performance

NASDAQ CHX traded up $1.08 during midday trading on Friday, hitting $24.47. The company had a trading volume of 5,858,165 shares, compared to its average volume of 2,513,647. The firm has a 50-day moving average price of $28.49 and a 200-day moving average price of $29.14. The company has a market capitalization of $4.67 billion, a PE ratio of 14.83 and a beta of 1.81. 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 twelve month low of $21.92 and a twelve month high of $37.83.

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

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 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.