Moors & Cabot Inc. raised its position in shares of Graham Corporation (NYSE:GHM) by 0.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,028 shares of the industrial products company’s stock after purchasing an additional 3 shares during the period. Moors & Cabot Inc. owned approximately 0.32% of Graham Corporation worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GHM. American International Group Inc. raised its position in Graham Corporation by 7.2% during the first quarter. American International Group Inc. now owns 5,893 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 398 shares in the last quarter. Wells Fargo & Company MN raised its position in Graham Corporation by 6.7% during the second quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 500 shares in the last quarter. Nationwide Fund Advisors raised its position in Graham Corporation by 18.8% during the first quarter. Nationwide Fund Advisors now owns 7,649 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 1,209 shares in the last quarter. OppenheimerFunds Inc. raised its position in Graham Corporation by 16.9% during the first quarter. OppenheimerFunds Inc. now owns 12,181 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Graham Corporation by 2.1% during the second quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock valued at $321,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 74.72% of the company’s stock.

Graham Corporation (NYSE:GHM) traded down 0.37% during midday trading on Tuesday, reaching $21.69. The company’s stock had a trading volume of 4,368 shares. The firm has a market cap of $211.87 million, a P/E ratio of 35.97 and a beta of 1.05. Graham Corporation has a one year low of $17.19 and a one year high of $25.00. The firm has a 50 day moving average price of $20.29 and a 200 day moving average price of $20.80.

Graham Corporation (NYSE:GHM) last released its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.01 by $0.09. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The business had revenue of $20.90 million during the quarter, compared to the consensus estimate of $17.89 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue was down 6.5% on a year-over-year basis. Equities research analysts forecast that Graham Corporation will post $0.28 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded Graham Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.

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About Graham Corporation

Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.

Institutional Ownership by Quarter for Graham Corporation (NYSE:GHM)

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