G2 Investment Partners Management LLC trimmed its holdings in Graham Co. (NYSE:GHM - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent 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 accounts for about 1.6% of G2 Investment Partners Management LLC's holdings, making the stock its 28th biggest holding. G2 Investment Partners Management LLC owned approximately 1.27% of Graham worth $6,168,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC grew its stake in shares of Graham by 36.5% in the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company's stock worth $458,000 after purchasing an additional 4,145 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company's stock worth $1,153,000 after buying an additional 28,863 shares during the period. SG Americas Securities LLC raised its holdings in shares of 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 in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Graham by 291.3% in 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 acquiring an additional 22,176 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in Graham during the 4th quarter valued at $203,000. Institutional investors own 69.46% of the company's stock.
Graham Stock Performance
Shares of GHM stock traded up $0.23 during trading hours on Wednesday, reaching $37.58. The company had a trading volume of 54,046 shares, compared to its average volume of 81,179. Graham Co. has a one year low of $24.78 and a one year high of $52.00. The firm has a market cap of $409.73 million, a PE ratio of 45.28 and a beta of 0.71. The business has a fifty day moving average price of $30.90 and a 200-day moving average price of $37.27.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.
Read Our Latest Stock Report on GHM
About Graham
(
Free Report)
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.
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