Mint Tower Capital Management B.V. Buys New Position in ChampionX Co. (NASDAQ:CHX)

Mint Tower Capital Management B.V. purchased a new stake in shares of ChampionX Co. (NASDAQ:CHX) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 55,533 shares of the company’s stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in shares of ChampionX by 1.4% during the third quarter. PNC Financial Services Group Inc. now owns 54,454 shares of the company’s stock worth $1,642,000 after purchasing an additional 772 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ChampionX by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,623,131 shares of the company’s stock valued at $79,087,000 after purchasing an additional 84,875 shares during the last quarter. Cerity Partners LLC lifted its stake in ChampionX by 291.8% during the 3rd quarter. Cerity Partners LLC now owns 152,038 shares of the company’s stock worth $4,584,000 after acquiring an additional 113,232 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of ChampionX by 7.7% in the third quarter. Fisher Asset Management LLC now owns 347,880 shares of the company’s stock valued at $10,489,000 after purchasing an additional 24,862 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of ChampionX in the third quarter valued at $2,054,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Price Performance

Shares of CHX opened at $30.37 on Thursday. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 18.41 and a beta of 2.28. The firm’s fifty day simple moving average is $29.45 and its 200-day simple moving average is $29.46.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Equities analysts forecast 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 paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. ChampionX’s payout ratio is 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.