Why One Fund Has a $12 Million Bet on Chesapeake Utilities Stock

Tufton Capital Management disclosed a purchase of 23,304 shares of Chesapeake Utilities (NYSE:CPK) in a January 28 SEC filing, with the estimated transaction value at $3.07 million based on the quarter’s average pricing.According to a January 28 SEC filing, Tufton Capital Management increased its position in Chesapeake Utilities (NYSE:CPK) by 23,304 shares. The estimated transaction value, based on the quarter’s average share price, was $3.07 million. Meanwhile, the quarter-end value of Tufton’s Chesapeake Utilities stake increased by $2.20 million, a figure that includes both trading activity and market price changes.The Chesapeake Utilities position now represents 2.06% of Tufton’s 13F assets under management.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool