Signaturefd LLC Sells 521 Shares of ChampionX Co. (NASDAQ:CHX)

Signaturefd LLC trimmed its holdings in ChampionX Co. (NASDAQ:CHX) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,531 shares of the company’s stock after selling 521 shares during the quarter. Signaturefd LLC’s holdings in ChampionX were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in ChampionX by 0.8% in the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock valued at $1,503,000 after purchasing an additional 436 shares in the last quarter. Pacer Advisors Inc. increased its position in ChampionX by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock valued at $772,000 after buying an additional 532 shares in the last quarter. Jones Financial Companies Lllp raised its stake in ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after buying an additional 559 shares during the period. HighTower Advisors LLC raised its stake in ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock worth $405,000 after buying an additional 564 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in ChampionX by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock worth $290,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Trading Up 1.3 %

NASDAQ CHX opened at $30.33 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 52 week low of $25.57 and a 52 week high of $39.95. The business has a 50 day moving average price of $29.42 and a 200-day moving average price of $29.45. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 18.38 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last announced 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 net margin of 8.81% and a return on equity of 19.84%. As a group, equities analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.25%. ChampionX’s payout ratio is 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.