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

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

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Graham during the fourth quarter valued at approximately $31,000. Jones Financial Companies Lllp purchased a new stake in shares of Graham in the fourth quarter valued at $45,000. Russell Investments Group Ltd. boosted its position in shares of Graham by 18,025.0% in the fourth quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock worth $64,000 after buying an additional 1,442 shares during the period. Legal & General Group Plc grew its holdings in shares of Graham by 26.0% during the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after buying an additional 536 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in Graham during the fourth quarter valued at $172,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Graham Price Performance

GHM traded up $1.11 during trading on Friday, reaching $33.11. 57,145 shares of the stock traded hands, compared to its average volume of 81,305. The stock's 50-day simple moving average is $30.51 and its two-hundred day simple moving average is $37.10. Graham Co. has a fifty-two week low of $24.78 and a fifty-two week high of $52.00. The stock has a market cap 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 announced its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Research analysts anticipate 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.