18,213 Shares in Griffon Corporation (GFF) Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd purchased a new position in Griffon Corporation (NYSE:GFF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,213 shares of the conglomerate’s stock, valued at approximately $400,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GFF. Strs Ohio raised its position in shares of Griffon Corporation by 4.0% in the 2nd quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock worth $735,000 after acquiring an additional 1,300 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Griffon Corporation by 4.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,369 shares of the conglomerate’s stock valued at $993,000 after buying an additional 2,100 shares in the last quarter. Spark Investment Management LLC increased its position in Griffon Corporation by 71.7% during the 2nd quarter. Spark Investment Management LLC now owns 50,300 shares of the conglomerate’s stock valued at $1,104,000 after buying an additional 21,000 shares in the last quarter. Texas Permanent School Fund increased its position in Griffon Corporation by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 22,785 shares of the conglomerate’s stock valued at $500,000 after buying an additional 200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Griffon Corporation by 1.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,321 shares of the conglomerate’s stock valued at $5,495,000 after buying an additional 4,196 shares in the last quarter. 68.54% of the stock is owned by hedge funds and other institutional investors.



Shares of Griffon Corporation (NYSE:GFF) traded down 1.32% on Friday, reaching $22.35. The company had a trading volume of 1,421 shares. The company has a 50 day moving average of $21.55 and a 200-day moving average of $21.57. The company has a market capitalization of $931.59 million, a P/E ratio of 29.49 and a beta of 1.42. Griffon Corporation has a 52 week low of $16.38 and a 52 week high of $27.15.

Griffon Corporation (NYSE:GFF) last posted its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.08). Griffon Corporation had a net margin of 1.79% and a return on equity of 8.46%. The business had revenue of $473.32 million during the quarter. Analysts predict that Griffon Corporation will post $0.85 earnings per share for the current fiscal year.

Separately, BidaskClub lowered Griffon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.

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Griffon Corporation Profile

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).

Institutional Ownership by Quarter for Griffon Corporation (NYSE:GFF)

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