Jump Financial LLC Acquires Shares of 6,061 Gorman-Rupp Company (The) $GRC

Key Points

• Jump Financial LLC acquired 6,061 shares of Gorman-Rupp Company in Q1, representing an investment of approximately $213,000.
• Gorman-Rupp reported earnings of $0.60 per share in its latest quarter, surpassing expectations, with projected earnings of $1.98 EPS for the current fiscal year.
• The company declared a quarterly dividend of $0.185 per share, with a yield of 1.7%, to be paid on September 10th to shareholders on record by August 15th.

Jump Financial LLC bought a new position in shares of Gorman-Rupp Company (The) (NYSE:GRC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,061 shares of the industrial products company's stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp purchased a new position in Gorman-Rupp during the first quarter valued at approximately $45,000. Central Pacific Bank Trust Division purchased a new position in Gorman-Rupp during the first quarter valued at approximately $53,000. Quantbot Technologies LP increased its holdings in Gorman-Rupp by 42.3% during the first quarter. Quantbot Technologies LP now owns 3,014 shares of the industrial products company's stock valued at $106,000 after buying an additional 896 shares during the period. Swisher Financial Concepts Inc. purchased a new position in Gorman-Rupp during the first quarter valued at approximately $205,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Gorman-Rupp in the first quarter valued at approximately $221,000. 59.26% of the stock is owned by hedge funds and other institutional investors.

Gorman-Rupp Stock Down 0.0%

GRC traded down $0.01 during trading on Friday, hitting $43.19. The stock had a trading volume of 56,318 shares, compared to its average volume of 62,334. The stock has a 50 day simple moving average of $40.40 and a two-hundred day simple moving average of $37.70. The company has a market capitalization of $1.14 billion, a PE ratio of 21.92, a PEG ratio of 1.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 2.39. Gorman-Rupp Company has a twelve month low of $30.87 and a twelve month high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The business had revenue of $179.05 million for the quarter, compared to analyst estimates of $174.60 million. Gorman-Rupp had a net margin of 7.69% and a return on equity of 13.63%. On average, research analysts predict that Gorman-Rupp Company will post 1.98 earnings per share for the current year.

Gorman-Rupp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. Gorman-Rupp's dividend payout ratio (DPR) is currently 37.56%.

Gorman-Rupp Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.