Emancipation Management LLC purchased a new stake in Graham Co. (NYSE:GHM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,750 shares of the industrial products company’s stock, valued at approximately $1,125,000. Graham comprises 1.9% of Emancipation Management LLC’s investment portfolio, making the stock its 16th biggest position. Emancipation Management LLC owned approximately 0.55% of Graham at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Graham by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 37,104 shares of the industrial products company’s stock valued at $730,000 after buying an additional 247 shares during the period. Teachers Advisors LLC raised its stake in Graham by 2.1% during the second quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock worth $321,000 after purchasing an additional 341 shares during the period. Wells Fargo & Company MN raised its stake in 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 purchasing an additional 500 shares during the period. The Manufacturers Life Insurance Company raised its stake 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 worth $192,000 after purchasing an additional 1,099 shares during the period. Finally, Vanguard Group Inc. raised its stake in Graham by 0.9% during the second quarter. Vanguard Group Inc. now owns 364,626 shares of the industrial products company’s stock worth $7,169,000 after purchasing an additional 3,277 shares during the period. Institutional investors and hedge funds own 77.28% of the company’s stock.
Graham Co. (GHM) opened at $21.64 on Wednesday. The firm has a market cap of $211.38, a P/E ratio of -20.42 and a beta of 0.90. Graham Co. has a one year low of $17.97 and a one year high of $24.03.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, February 13th. Graham’s dividend payout ratio is currently -33.96%.
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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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