Bridgeway Capital Management LLC Lowers Position in Graham Co. (NYSE:GHM)

Bridgeway Capital Management LLC trimmed its position in shares of Graham Co. (NYSE:GHM - Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,995 shares of the industrial products company's stock after selling 13,100 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.17% of Graham worth $845,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Graham by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company's stock worth $29,083,000 after purchasing an additional 14,589 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Graham by 8.7% during the fourth quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company's stock worth $16,693,000 after purchasing an additional 29,900 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Graham by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company's stock worth $15,697,000 after purchasing an additional 1,750 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Graham by 4.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company's stock valued at $8,002,000 after buying an additional 7,673 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Graham by 1,479.1% in the 4th quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company's stock worth $7,043,000 after acquiring an additional 148,340 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Graham from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Graham Trading Up 0.7%

Graham stock traded up $0.27 during midday trading on Wednesday, hitting $37.62. 83,415 shares of the stock were exchanged, compared to its average volume of 81,429. The stock has a market capitalization of $410.17 million, a price-to-earnings ratio of 45.33 and a beta of 0.71. Graham Co. has a fifty-two week low of $24.78 and a fifty-two week high of $52.00. The stock's 50-day simple moving average is $30.90 and its 200 day simple moving average is $37.27.

Graham 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.