Gamco Investors INC. ET AL Purchases 9,834 Shares of ChampionX Co. (NASDAQ:CHX)

Gamco Investors INC. ET AL increased its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 22.6% during the fourth quarter, Holdings Channel reports. The fund owned 53,346 shares of the company’s stock after purchasing an additional 9,834 shares during the period. Gamco Investors INC. ET AL’s holdings in ChampionX were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the last quarter. Venturi Wealth Management LLC lifted its position in ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after buying an additional 1,725 shares in the last quarter. R Squared Ltd acquired a new position in ChampionX during the 4th quarter worth about $103,000. Vestcor Inc grew its holdings in ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock worth $137,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in ChampionX by 82,557.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock valued at $157,000 after acquiring an additional 5,779 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Price Performance

Shares of CHX stock opened at $25.41 on Friday. ChampionX Co. has a 1 year low of $21.92 and a 1 year high of $36.16. 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’s 50 day moving average is $28.07 and its 200-day moving average is $28.97. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 15.40 and a beta of 1.81.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.50%. ChampionX’s payout ratio is 23.03%.

ChampionX Company 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.