Stepan (NYSE:SCL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Stepan (NYSE:SCL) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,037 shares of the basic materials company’s stock after selling 225 shares during the quarter. Yousif Capital Management LLC’s holdings in Stepan were worth $520,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SCL. Copeland Capital Management LLC acquired a new position in shares of Stepan during the 3rd quarter valued at $48,000. International Assets Investment Management LLC increased its position in shares of Stepan by 7,700.0% during the 3rd quarter. International Assets Investment Management LLC now owns 8,190 shares of the basic materials company’s stock valued at $633,000 after purchasing an additional 8,085 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Stepan by 924.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 82,901 shares of the basic materials company’s stock valued at $6,404,000 after purchasing an additional 74,809 shares during the period. Pullen Investment Management LLC acquired a new position in shares of Stepan during the 3rd quarter valued at $390,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Stepan during the 3rd quarter valued at $1,195,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Stepan from a “hold” rating to a “buy” rating in a research report on Friday, February 7th.

Stepan Stock Performance

SCL opened at $61.69 on Monday. The firm has a market cap of $1.39 billion, a PE ratio of 30.69 and a beta of 0.84. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $65.20 and a 200-day simple moving average of $71.74. Stepan has a fifty-two week low of $59.70 and a fifty-two week high of $94.76.

Stepan Profile

Stepan Company, together with its subsidiaries, produces and sells specialty and intermediate chemicals to other manufacturers for use in various end products worldwide. It operates through three segments: Surfactants, Polymers, and Specialty Products. The Surfactants segment offers surfactants that are used in consumer and industrial cleaning and disinfection products, including detergents for washing clothes, dishes, carpets, and floors and walls, as well as shampoos and body washes; and other applications, such as fabric softeners, germicidal quaternary compounds, disinfectants, and lubricating ingredients.