Semanteon Capital Management LP Invests $566,000 in Stepan Company $SCL

Semanteon Capital Management LP purchased a new stake in Stepan Company (NYSE:SCL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 11,872 shares of the basic materials company’s stock, valued at approximately $566,000. Semanteon Capital Management LP owned 0.05% of Stepan as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Stepan by 206.5% in the second quarter. EverSource Wealth Advisors LLC now owns 521 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 351 shares during the last quarter. Financial Consulate Inc. bought a new stake in shares of Stepan in the 3rd quarter worth approximately $30,000. Raymond James Financial Inc. bought a new position in Stepan during the 2nd quarter worth $100,000. PNC Financial Services Group Inc. grew its stake in Stepan by 34.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,703 shares of the basic materials company’s stock worth $129,000 after buying an additional 688 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Stepan in the third quarter worth $207,000. Institutional investors and hedge funds own 82.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Stepan from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Stepan presently has an average rating of “Hold”.

Stepan Stock Performance

Shares of SCL opened at $67.30 on Friday. The firm has a market capitalization of $1.52 billion, a PE ratio of 33.99 and a beta of 1.05. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $54.71 and a 200 day moving average price of $49.71. Stepan Company has a 52-week low of $41.82 and a 52-week high of $68.00.

Stepan Profile

Stepan Company is a global manufacturer of specialty and intermediate chemicals, primarily known for its development and production of surfactants and related specialty products. The company’s portfolio includes a wide range of ingredients used to enhance the performance of consumer and industrial formulations, such as emulsifiers, foam control agents, odor control agents, antimicrobial products and performance additives. These products are integral components in cleaning solutions, personal care items, agrochemical formulations, coatings, oilfield treatments and polymer systems.

Serving a diverse set of end-markets, Stepan’s offerings address both consumer-facing and industrial applications.