Morgan Dempsey Capital Management LLC decreased its position in shares of Graham Corp. (NYSE:GHM) by 2.7% during the second quarter, Holdings Channel reports. The institutional investor owned 117,273 shares of the company’s stock after selling 3,316 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Graham Corp. were worth $2,160,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of GHM. American Century Companies Inc. increased its position in shares of Graham Corp. by 4.6% in the second quarter. American Century Companies Inc. now owns 610,363 shares of the company’s stock worth $11,243,000 after buying an additional 26,691 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of Graham Corp. by 8.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 398,088 shares of the company’s stock worth $7,332,000 after buying an additional 30,000 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Graham Corp. by 6.1% in the second quarter. North Star Investment Management Corp. now owns 173,725 shares of the company’s stock worth $3,200,000 after buying an additional 10,000 shares in the last quarter. State Street Corp increased its position in shares of Graham Corp. by 1.0% in the first quarter. State Street Corp now owns 165,657 shares of the company’s stock worth $3,304,000 after buying an additional 1,639 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Graham Corp. by 1.9% in the first quarter. Geode Capital Management LLC now owns 60,764 shares of the company’s stock worth $1,209,000 after buying an additional 1,134 shares in the last quarter. 74.51% of the stock is owned by institutional investors.
Graham Corp. (NYSE:GHM) traded up 0.82% during trading on Thursday, reaching $19.66. The company had a trading volume of 8,720 shares. The company has a market capitalization of $190.96 million, a PE ratio of 50.41 and a beta of 1.38. Graham Corp. has a 52-week low of $14.39 and a 52-week high of $21.09. The company has a 50 day moving average price of $18.90 and a 200 day moving average price of $18.70.
Graham Corp. (NYSE:GHM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Graham Corp. had a return on equity of 3.77% and a net margin of 4.55%. The business earned $22 million during the quarter, compared to the consensus estimate of $20.35 million. During the same period in the prior year, the company earned $0.23 EPS. Graham Corp.’s revenue for the quarter was down 19.0% on a year-over-year basis. On average, equities analysts forecast that Graham Corp. will post $0.31 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded Graham Corp. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, September 28th.
In other Graham Corp. news, CAO Jennifer R. Condame sold 4,974 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $18.10, for a total value of $90,029.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.
Graham Corp. Company Profile
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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