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Despite Stepan Company's earnings miss, institutional investments have surged, boosting its stock value.
Howe & Rusling Inc. and Winton Group Ltd have recently increased their investments in Stepan Company, a specialty chemicals producer.
Stepan's recent quarterly earnings fell short of expectations, reporting $0.12 EPS compared to the expected $0.45.
The company's stock, valued at $26.1 million, has seen increased institutional ownership, with 82.70% of shares held by hedge funds and other institutional investors.
Despite recent financial underperformance, Stepan's market cap remains at $1.29 billion with a P/E ratio of 25.87.
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A pesar de la pérdida de ganancias de Stepan Company, las inversiones institucionales han aumentado, aumentando su valor de acciones.