Boothbay Fund Management LLC Sells 8,571 Shares of Graham Co. (NYSE:GHM)

Boothbay Fund Management LLC cut its holdings in shares of Graham Co. (NYSE:GHM - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,393 shares of the industrial products company's stock after selling 8,571 shares during the period. Boothbay Fund Management LLC owned approximately 0.28% of Graham worth $1,352,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in shares of Graham in the fourth quarter worth approximately $31,000. Jones Financial Companies Lllp acquired a new position in Graham in the 4th quarter worth approximately $45,000. Russell Investments Group Ltd. grew its position in Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock worth $64,000 after purchasing an additional 1,442 shares in the last quarter. Legal & General Group Plc raised its stake in Graham by 26.0% during the 4th quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 536 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Graham in the fourth quarter valued at $172,000. 69.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Graham Stock Performance

Shares of NYSE GHM traded up $1.11 during mid-day trading on Friday, reaching $33.11. The company had a trading volume of 57,145 shares, compared to its average volume of 81,148. The stock has a fifty day moving average of $30.51 and a two-hundred day moving average of $37.03. Graham Co. has a 12-month low of $24.78 and a 12-month high of $52.00. The company has a market capitalization of $360.94 million, a price-to-earnings ratio of 39.89 and a beta of 0.65.

Graham (NYSE:GHM - Get Free Report) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. Sell-side analysts forecast that Graham Co. will post 1.07 earnings per share for the current fiscal year.

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.