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

Globeflex Capital L P acquired a new position in shares of Graham Co. (NYSE:GHM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,752 shares of the industrial products company’s stock, valued at approximately $300,000.

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

Graham Price Performance

NYSE:GHM opened at $32.02 on Friday. The firm’s fifty day moving average price is $39.33 and its 200 day moving average price is $37.06. Graham Co. has a 1-year low of $24.16 and a 1-year high of $52.00. The firm has a market cap of $349.10 million, a price-to-earnings ratio of 38.58 and a beta of 0.73.

Graham (NYSE:GHM) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. As a group, analysts expect that Graham Co. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.