Exchange Traded Concepts LLC Purchases 22,176 Shares of Graham Co. (NYSE:GHM)

Exchange Traded Concepts LLC lifted its holdings in Graham Co. (NYSE:GHM) by 291.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,788 shares of the industrial products company’s stock after acquiring an additional 22,176 shares during the period. Exchange Traded Concepts LLC owned approximately 0.27% of Graham worth $1,325,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GHM. SG Americas Securities LLC bought a new stake in shares of Graham in the third quarter valued at approximately $112,000. BNP Paribas Financial Markets boosted its holdings in shares of Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 1,374 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Graham by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 3,388 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Graham during the 3rd quarter worth $251,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Graham during the 3rd quarter worth $266,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

Graham Stock Down 6.5 %

Graham stock opened at $43.66 on Tuesday. The stock has a market cap of $475.46 million, a PE ratio of 61.49 and a beta of 0.73. Graham Co. has a 12-month low of $18.90 and a 12-month high of $49.28. The business’s 50-day moving average price is $44.06 and its two-hundred day moving average price is $35.55.

Graham (NYSE:GHM) last issued its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The business had revenue of $53.56 million during the quarter, compared to the consensus estimate of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, analysts expect that Graham Co. will post 1.03 earnings per share for the current year.

Graham Company 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.