Kennedy Capital Management LLC Increases Position in ChampionX Co. (NASDAQ:CHX)

Kennedy Capital Management LLC raised its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,458 shares of the company's stock after acquiring an additional 49,675 shares during the quarter. Kennedy Capital Management LLC owned about 0.15% of ChampionX worth $7,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Holdings LLC bought a new stake in ChampionX in the 4th quarter worth approximately $277,000. Greenland Capital Management LP boosted its position in ChampionX by 103.6% during the 4th quarter. Greenland Capital Management LP now owns 122,179 shares of the company's stock valued at $3,322,000 after acquiring an additional 62,179 shares in the last quarter. Abacus FCF Advisors LLC lifted its position in ChampionX by 46.4% during the fourth quarter. Abacus FCF Advisors LLC now owns 25,437 shares of the company's stock valued at $692,000 after buying an additional 8,060 shares during the period. Renaissance Technologies LLC increased its stake in shares of ChampionX by 39.7% during the fourth quarter. Renaissance Technologies LLC now owns 481,016 shares of the company's stock valued at $13,079,000 after purchasing an additional 136,800 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in ChampionX by 24.6% in the fourth quarter. Legal & General Group Plc now owns 648,066 shares of the company's stock worth $17,621,000 after acquiring an additional 127,805 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

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ChampionX Stock Performance

NASDAQ CHX traded up $0.63 during trading hours on Wednesday, hitting $25.03. The company's stock had a trading volume of 1,419,775 shares, compared to its average volume of 2,514,836. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $37.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The company's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $29.07. The company has a market cap of $4.78 billion, a P/E ratio of 15.17 and a beta of 1.81.

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, beating 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%. As a group, sell-side analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.52%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's payout ratio is currently 23.03%.

ChampionX Profile

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.