North Star Investment Management Corp. trimmed its position in shares of Graham Co. (NYSE:GHM) by 21.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,280 shares of the industrial products company’s stock after selling 41,100 shares during the period. North Star Investment Management Corp. owned about 1.51% of Graham worth $3,083,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Graham by 6.7% during the second quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Graham by 12.7% during the second quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock valued at $192,000 after buying an additional 1,099 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Graham by 57.7% during the third quarter. Nationwide Fund Advisors now owns 12,064 shares of the industrial products company’s stock valued at $251,000 after buying an additional 4,415 shares in the last quarter. Teachers Advisors LLC raised its holdings in Graham 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 buying an additional 341 shares in the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in Graham during the second quarter valued at about $353,000. Institutional investors and hedge funds own 75.03% of the company’s stock.
Graham Co. (GHM) traded up $0.31 during midday trading on Thursday, reaching $22.62. The company’s stock had a trading volume of 36,200 shares, compared to its average volume of 44,727. Graham Co. has a one year low of $17.97 and a one year high of $24.34. The company has a market capitalization of $217.94, a price-to-earnings ratio of 48.13 and a beta of 1.05.
Graham (NYSE:GHM) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Graham had a return on equity of 4.25% and a net margin of 5.31%. The company had revenue of $17.20 million for the quarter, compared to analyst estimates of $16.73 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was down 18.5% compared to the same quarter last year.
Separately, Zacks Investment Research lowered Graham from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th.
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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.
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