Calamos Advisors LLC Has $40.64 Million Holdings in ChampionX Co. (NASDAQ:CHX)

Calamos Advisors LLC raised its holdings in ChampionX Co. (NASDAQ:CHX) by 470.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,494,500 shares of the company’s stock after purchasing an additional 1,232,500 shares during the quarter. Calamos Advisors LLC’s holdings in ChampionX were worth $40,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of ChampionX during the fourth quarter worth approximately $103,000. Pacer Advisors Inc. boosted its stake 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 purchasing an additional 532 shares during the period. KBC Group NV grew its holdings in ChampionX by 42.3% in the 4th quarter. KBC Group NV now owns 8,289 shares of the company’s stock valued at $225,000 after buying an additional 2,462 shares in the last quarter. Nisa Investment Advisors LLC increased its position in ChampionX by 899.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company’s stock worth $5,740,000 after buying an additional 189,977 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of ChampionX by 7.6% during the fourth quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock worth $784,000 after buying an additional 2,031 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their price target on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

ChampionX Stock Performance

Shares of ChampionX stock opened at $28.53 on Tuesday. The company has a 50 day moving average of $28.63 and a 200-day moving average of $30.11. The company has a market cap of $5.43 billion, a PE ratio of 17.72 and a beta of 2.35. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, January 3rd. ChampionX’s dividend payout ratio is presently 23.60%.

Insider Transactions at ChampionX

In other ChampionX news, insider Deric D. Bryant sold 49,303 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the sale, the insider now directly owns 337,409 shares of the company’s stock, valued at $10,142,514.54. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.38% of the company’s stock.

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.