Assenagon Asset Management S.A. Increases Stock Position in The Gorman-Rupp Company (NYSE:GRC)

Assenagon Asset Management S.A. boosted its holdings in The Gorman-Rupp Company (NYSE:GRC - Free Report) by 380.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,854 shares of the industrial products company's stock after acquiring an additional 34,728 shares during the quarter. Assenagon Asset Management S.A. owned 0.17% of Gorman-Rupp worth $1,558,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV lifted its position in Gorman-Rupp by 14.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 15,918 shares of the industrial products company's stock valued at $566,000 after acquiring an additional 2,059 shares in the last quarter. Vanguard Group Inc. increased its stake in Gorman-Rupp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,256,217 shares of the industrial products company's stock valued at $74,230,000 after buying an additional 19,797 shares during the last quarter. Deutsche Bank AG increased its stake in Gorman-Rupp by 25.1% in the 3rd quarter. Deutsche Bank AG now owns 10,709 shares of the industrial products company's stock valued at $352,000 after buying an additional 2,150 shares during the last quarter. Ancora Advisors LLC increased its stake in Gorman-Rupp by 0.3% in the 3rd quarter. Ancora Advisors LLC now owns 140,960 shares of the industrial products company's stock valued at $4,638,000 after buying an additional 360 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Gorman-Rupp by 267.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the industrial products company's stock valued at $172,000 after buying an additional 3,798 shares during the last quarter. Institutional investors own 59.26% of the company's stock.

Gorman-Rupp Stock Up 0.8 %

NYSE:GRC traded up $0.30 on Friday, hitting $38.72. The stock had a trading volume of 35,365 shares, compared to its average volume of 79,468. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.31 and a current ratio of 2.35. The stock has a market cap of $1.02 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.87 and a beta of 0.92. The Gorman-Rupp Company has a 1 year low of $23.22 and a 1 year high of $40.00. The firm's fifty day simple moving average is $36.96 and its two-hundred day simple moving average is $34.06.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Gorman-Rupp had a net margin of 5.30% and a return on equity of 10.47%. The company had revenue of $160.57 million during the quarter, compared to analyst estimates of $155.88 million. During the same quarter last year, the business posted $0.11 EPS. Analysts predict that The Gorman-Rupp Company will post 1.58 earnings per share for the current year.

Gorman-Rupp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were paid a $0.18 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. Gorman-Rupp's dividend payout ratio is 54.14%.

About Gorman-Rupp

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.