CHS (NASDAQ:CHSCP) Trading Down 0.4% – What’s Next?

CHS Inc. (NASDAQ:CHSCP) was down 0.4% on Thursday . The company traded as low as $28.52 and last traded at $28.78. Approximately 15,493 shares were traded during trading, an increase of 24% from the average daily volume of 12,463 shares. The stock had previously closed at $28.90.

CHS Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.54 and a quick ratio of 0.90. The company has a fifty day simple moving average of $28.42 and a two-hundred day simple moving average of $29.47.

CHS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.22%. The ex-dividend date is Monday, March 17th.

Hedge Funds Weigh In On CHS

A hedge fund recently raised its stake in CHS stock. Moloney Securities Asset Management LLC raised its position in CHS Inc. (NASDAQ:CHSCP) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,019 shares of the company’s stock after acquiring an additional 3,066 shares during the period. Moloney Securities Asset Management LLC’s holdings in CHS were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

About CHS

CHS Inc, an integrated agricultural company, engages in the provision of grains, food, and energy resources to businesses and consumers worldwide. It is involved in the operation of petroleum refineries and pipelines; the supply, marketing, and distribution of refined fuels; the blending, sale, and distribution of lubricants; and the supply of propane, asphalt, and other natural gas liquids.