Graham Co. (GHM) Shares Bought by GHP Investment Advisors Inc.
GHP Investment Advisors Inc. lifted its position in Graham Co. (NYSE:GHM) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,889 shares of the industrial products company’s stock after purchasing an additional 2,800 shares during the quarter. GHP Investment Advisors Inc. owned about 0.44% of Graham worth $1,208,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Graham in the second quarter worth $125,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Graham in the second quarter valued at $213,000. Global X Management Co LLC bought a new position in Graham in the second quarter valued at $449,000. Wedge Capital Management L L P NC bought a new position in Graham in the second quarter valued at $1,239,000. Finally, Russell Investments Group Ltd. increased its stake in Graham by 1,197.5% in the second quarter. Russell Investments Group Ltd. now owns 49,305 shares of the industrial products company’s stock valued at $1,273,000 after acquiring an additional 45,505 shares during the last quarter. 76.49% of the stock is currently owned by hedge funds and other institutional investors.
Separately, TheStreet cut Graham from a “b-” rating to a “c” rating in a research note on Friday, September 21st.
Graham (NYSE:GHM) last released its earnings results on Friday, August 3rd. The industrial products company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.10. The business had revenue of $29.55 million for the quarter. Graham had a positive return on equity of 3.00% and a negative net margin of 9.81%.
In related news, CFO Jeffrey Glajch sold 2,963 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $28.36, for a total value of $84,030.68. Following the transaction, the chief financial officer now owns 55,477 shares of the company’s stock, valued at $1,573,327.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 6,846 shares of company stock worth $189,599. 3.66% of the stock is owned by insiders.
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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