ChampionX Co. (NASDAQ:CHX) Holdings Reduced by Paradice Investment Management LLC

Paradice Investment Management LLC decreased its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 832,397 shares of the company's stock after selling 63,045 shares during the period. ChampionX comprises approximately 4.5% of Paradice Investment Management LLC's investment portfolio, making the stock its 10th biggest holding. Paradice Investment Management LLC owned about 0.44% of ChampionX worth $22,633,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHX. Calamos Advisors LLC raised its stake in ChampionX by 470.4% in the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock worth $40,635,000 after buying an additional 1,232,500 shares in the last quarter. Westchester Capital Management LLC grew its holdings in ChampionX by 67.8% in the third quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company's stock worth $85,268,000 after purchasing an additional 1,142,628 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in ChampionX in the third quarter worth $15,075,000. Alpine Associates Management Inc. grew its holdings in ChampionX by 103.9% in the third quarter. Alpine Associates Management Inc. now owns 723,516 shares of the company's stock worth $21,814,000 after purchasing an additional 368,616 shares during the last quarter. Finally, Barclays PLC grew its holdings in ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after purchasing an additional 212,654 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target on shares of ChampionX from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, November 14th.

ChampionX Stock Down 1.7 %

NASDAQ CHX traded down $0.52 on Friday, hitting $29.69. The stock had a trading volume of 2,524,452 shares, compared to its average volume of 2,992,099. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 17.99 and a beta of 2.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. The business's fifty day moving average price is $28.52 and its 200 day moving average price is $29.74.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently disclosed 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 1.28%. The ex-dividend date of this dividend 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.