GAMCO Investors Picked Up Chemtura Corp (NYSE:CHMT) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Chemtura Corp (NYSE:CHMT) reported that GAMCO Investors has picked up 2,313,761 of common stock as of 2017-04-07.

The acquisition brings the aggregate amount owned by GAMCO Investors to a total of 2,313,761 representing a 3.66% stake in the company.

For those not familiar with the company, Chemtura Corporation is a chemical company. The Company is engaged in developing, manufacturing and marketing of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates. The Company’s segments are Industrial Performance Products and Industrial Engineered Products. The Industrial Performance Products segment manufactures and markets lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester based fluids, and is also engaged in the development and production of hot cast elastomer pre-polymers. The Industrial Engineered Products segment develops and manufactures bromine and bromine-based products and organometallic compounds. The Company operates in a range of industries, including automotive, building and construction, electronics, lubricants, packaging and transportation.

A glance at Chemtura Corp (NYSE:CHMT)’s key stats reveals a current market capitalization of 2.11 Billion based on 63.20 Million shares outstanding and a price at last close of $33.40 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-11-27, Dover picked up 8,700 at a purchase price of $20.04. This brings their total holding to 23,266 as of the date of the filing.

On the sell side, the most recent transaction saw Medley unload 6,778 shares at a sale price of $33.17. This brings their total holding to 35,335.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Chemtura Corp (NYSE:CHMT) as things move forward to see if its progress aligns with these transactions.

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