G2 Investment Partners Management LLC Cuts Holdings in Graham Co. (NYSE:GHM)

G2 Investment Partners Management LLC decreased its position in shares of Graham Co. (NYSE:GHM - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,711 shares of the industrial products company's stock after selling 43,455 shares during the quarter. Graham comprises approximately 1.6% of G2 Investment Partners Management LLC's investment portfolio, making the stock its 28th largest position. G2 Investment Partners Management LLC owned approximately 1.27% of Graham worth $6,168,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings in Graham by 36.5% during the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 4,145 shares during the last quarter. JPMorgan Chase & Co. grew its position in Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock valued at $1,153,000 after acquiring an additional 28,863 shares during the last quarter. SG Americas Securities LLC grew its position in Graham by 31.2% during the fourth quarter. SG Americas Securities LLC now owns 4,949 shares of the industrial products company's stock valued at $220,000 after acquiring an additional 1,176 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Graham by 291.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company's stock valued at $1,325,000 after purchasing an additional 22,176 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Graham during the fourth quarter valued at approximately $203,000. Institutional investors own 69.46% of the company's stock.

Graham Price Performance

Shares of GHM stock traded up $1.32 during trading hours on Monday, reaching $36.19. 106,449 shares of the company traded hands, compared to its average volume of 81,132. Graham Co. has a 12-month low of $24.78 and a 12-month high of $52.00. The company has a market cap of $394.53 million, a P/E ratio of 43.60 and a beta of 0.71. The firm has a 50-day moving average price of $30.79 and a 200 day moving average price of $37.26.

Graham (NYSE:GHM - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Graham Co. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.