Alambic Investment Management buys $2,400,435 stake in Stepan Company (SCL)

Stepan Company (SCL) : Alambic Investment Management scooped up 9,940 additional shares in Stepan Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 35,790 shares of Stepan Company which is valued at $2,400,435.Stepan Company makes up approximately 0.54% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc boosted its stake in SCL in the latest quarter, The investment management firm added 3,960 additional shares and now holds a total of 9,260 shares of Stepan Company which is valued at $621,068. Stepan Company makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.California Public Employees Retirement System reduced its stake in SCL by selling 1,000 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 54,300 shares of SCL which is valued at $3,540,903. Stepan Company makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Great West Life Assurance Co Can boosted its stake in SCL in the latest quarter, The investment management firm added 22,273 additional shares and now holds a total of 25,041 shares of Stepan Company which is valued at $1,632,924. Diam Ltd. sold out all of its stake in SCL during the most recent quarter. The investment firm sold 2,868 shares of SCL which is valued $187,022.Public Employees Retirement Association Of Colorado reduced its stake in SCL by selling 45 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 6,157 shares of SCL which is valued at $395,957.

Stepan Company opened for trading at $66.85 and hit $67.72 on the upside on Monday, eventually ending the session at $66.95, with a gain of 0.57% or 0.38 points. The heightened volatility saw the trading volume jump to 88,920 shares. Company has a market cap of $1,497 M.

On the company’s financial health, Stepan Company reported $1.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.17. The company had revenue of $454.60 million for the quarter, compared to analysts expectations of $453.45 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Investors should note that on Jul 20, 2016, Stepan Company announced a cash dividend of $0.1900. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and used in a variety of end products. The Company has three segments: surfactants polymers and specialty products. The Company’s Surfactants segment offers products which are principal ingredients in consumer and industrial cleaning products such as detergents for washing clothes dishes carpets floors and walls as well as shampoos and body washes. The Company’s Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation. The Company’s Polymers segment includes polyurethane polyols polyester resins and phthalic anhydride. Polyurethane polyols are used in the manufacture of rigid foam for thermal insulation.

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