Graham Co. (NYSE:GHM) Short Interest Up 82.8% in June

Graham Co. (NYSE:GHM) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 54,100 shares, a growth of 82.8% from the June 15th total of 29,600 shares. Based on an average trading volume of 89,800 shares, the short-interest ratio is currently 0.6 days.

Graham Price Performance

Graham stock traded up $1.69 during midday trading on Friday, hitting $29.88. 109,099 shares of the company were exchanged, compared to its average volume of 144,096. The company’s fifty day moving average price is $28.47 and its 200-day moving average price is $25.69. Graham has a fifty-two week low of $12.40 and a fifty-two week high of $34.72. The company has a market cap of $324.80 million, a PE ratio of 69.49 and a beta of 0.59.

Graham (NYSE:GHM) last announced its earnings results on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. Graham had a return on equity of 4.45% and a net margin of 2.46%. The company had revenue of $49.07 million for the quarter. On average, analysts expect that Graham will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Graham

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its position in shares of Graham by 7.4% in the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after purchasing an additional 24,961 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Graham by 5.7% during the 1st quarter. First Eagle Investment Management LLC now owns 292,729 shares of the industrial products company’s stock valued at $7,986,000 after acquiring an additional 15,833 shares in the last quarter. Essex Investment Management Co. LLC raised its position in shares of Graham by 1.4% during the 1st quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock valued at $4,896,000 after acquiring an additional 2,437 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Graham by 14.8% during the 1st quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock valued at $4,673,000 after acquiring an additional 22,098 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its position in shares of Graham by 1,640.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock valued at $4,037,000 after acquiring an additional 139,472 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on GHM. StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th. Noble Financial began coverage on Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price target on the stock.

About Graham

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.