Squarepoint Ops LLC Purchases 21,401 Shares of Graham Co. (NYSE:GHM)

Squarepoint Ops LLC grew its holdings in shares of Graham Co. (NYSE:GHM - Free Report) by 238.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,393 shares of the industrial products company's stock after buying an additional 21,401 shares during the quarter. Squarepoint Ops LLC owned 0.28% of Graham worth $1,352,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in shares of Graham in the fourth quarter valued at approximately $279,000. Corton Capital Inc. bought a new position in Graham in the 4th quarter valued at $220,000. Bank of America Corp DE raised its stake in shares of Graham by 22.7% during the 4th quarter. Bank of America Corp DE now owns 18,499 shares of the industrial products company's stock worth $823,000 after purchasing an additional 3,423 shares during the period. Ameriprise Financial Inc. grew its stake in Graham by 2.8% in the 4th quarter. Ameriprise Financial Inc. now owns 45,314 shares of the industrial products company's stock valued at $2,015,000 after buying an additional 1,248 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Graham by 1.6% during the fourth quarter. Northern Trust Corp now owns 96,073 shares of the industrial products company's stock valued at $4,272,000 after buying an additional 1,495 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Performance

NYSE:GHM traded down $0.07 during trading hours on Wednesday, reaching $40.83. The company's stock had a trading volume of 44,207 shares, compared to its average volume of 81,895. The firm has a market capitalization of $445.17 million, a price-to-earnings ratio of 49.19 and a beta of 0.71. The firm has a 50-day simple moving average of $33.16 and a 200-day simple moving average of $37.73. Graham Co. has a 1 year low of $24.78 and a 1 year high of $52.00.

Analyst Ratings Changes

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

Graham Company 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.