Exchange Traded Concepts LLC Acquires 31,619 Shares of Graham Corporation (NYSE:GHM)

Exchange Traded Concepts LLC increased its holdings in Graham Corporation (NYSE:GHM - Free Report) by 106.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,407 shares of the industrial products company's stock after purchasing an additional 31,619 shares during the quarter. Exchange Traded Concepts LLC owned 0.56% of Graham worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of Graham by 26.0% in the fourth quarter. Legal & General Group Plc now owns 2,599 shares of the industrial products company's stock valued at $116,000 after acquiring an additional 536 shares during the period. Rhumbline Advisers increased its position in shares of Graham by 6.7% in the fourth quarter. Rhumbline Advisers now owns 10,397 shares of the industrial products company's stock valued at $462,000 after acquiring an additional 654 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Graham in the fourth quarter valued at about $31,000. Principal Financial Group Inc. increased its position in shares of Graham by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 9,941 shares of the industrial products company's stock valued at $442,000 after acquiring an additional 960 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Graham in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Graham Stock Down 2.0%

Shares of NYSE:GHM traded down $0.94 during trading on Friday, hitting $45.22. The stock had a trading volume of 115,436 shares, compared to its average volume of 84,054. The company has a market capitalization of $495.16 million, a PE ratio of 40.74 and a beta of 0.85. The firm's fifty day moving average is $37.21 and its 200 day moving average is $37.82. Graham Corporation has a 12 month low of $24.78 and a 12 month high of $52.00.

Graham (NYSE:GHM - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.17. Graham had a return on equity of 12.07% and a net margin of 5.83%. The business had revenue of $59.35 million during the quarter, compared to the consensus estimate of $55.67 million. Equities research analysts expect that Graham Corporation will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

About Graham

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.