Pinebridge Investments L.P. Has $1.78 Million Holdings in ChampionX Co. (NASDAQ:CHX)

Pinebridge Investments L.P. lifted its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,302 shares of the company's stock after purchasing an additional 19,647 shares during the quarter. Pinebridge Investments L.P.'s holdings in ChampionX were worth $1,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after buying an additional 136,132 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of ChampionX by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after purchasing an additional 9,056 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of ChampionX in the 4th quarter worth about $472,000. Yakira Capital Management Inc. grew its holdings in shares of ChampionX by 29.9% in the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock worth $5,935,000 after purchasing an additional 50,300 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in ChampionX during the 4th quarter valued at about $12,080,000. 98.99% of the stock is owned by institutional investors.

ChampionX Price Performance

Shares of ChampionX stock opened at $25.00 on Monday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 15.15 and a beta of 1.81. The firm's 50-day moving average price is $27.60 and its two-hundred day moving average price is $28.68. 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 released its quarterly earnings results 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 return on equity of 19.84% and a net margin of 8.81%. On average, equities analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were given a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX's payout ratio is presently 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.

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