Globeflex Capital L P Makes New $300,000 Investment in Graham Co. (NYSE:GHM)

Globeflex Capital L P bought a new stake in Graham Co. (NYSE:GHM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,752 shares of the industrial products company’s stock, valued at approximately $300,000. Globeflex Capital L P owned about 0.06% of Graham at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Graham during the 4th quarter valued at approximately $45,000. BNP Paribas Financial Markets lifted its stake in shares of Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,374 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Graham by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after buying an additional 3,388 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in Graham during the fourth quarter valued at approximately $203,000. Finally, Cornerstone Investment Partners LLC bought a new position in Graham during the fourth quarter valued at approximately $209,000. Institutional investors own 69.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Graham Stock Up 2.3 %

Shares of NYSE:GHM opened at $32.02 on Friday. The firm has a fifty day simple moving average of $39.33 and a two-hundred day simple moving average of $37.06. The stock has a market capitalization of $349.10 million, a P/E ratio of 38.58 and a beta of 0.73. Graham Co. has a 52 week low of $24.16 and a 52 week high of $52.00.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. On average, analysts expect that Graham Co. will post 1.07 earnings per share for the current year.

Graham Profile

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.