OxFORD Asset Management LLP purchased a new position in shares of Graham Corporation (NYSE:GHM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,799 shares of the industrial products company’s stock, valued at approximately $507,000. OxFORD Asset Management LLP owned approximately 0.26% of Graham Corporation at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Foundry Partners LLC raised its stake in Graham Corporation by 36.6% in the second quarter. Foundry Partners LLC now owns 236,099 shares of the industrial products company’s stock valued at $4,642,000 after buying an additional 63,205 shares during the last quarter. American Century Companies Inc. grew its holdings in Graham Corporation by 14.7% during the second quarter. American Century Companies Inc. now owns 413,762 shares of the industrial products company’s stock worth $8,135,000 after acquiring an additional 52,873 shares during the period. American Capital Management Inc. grew its holdings in Graham Corporation by 394.1% in the second quarter. American Capital Management Inc. now owns 48,178 shares of the industrial products company’s stock valued at $947,000 after purchasing an additional 38,428 shares during the period. Dimensional Fund Advisors LP grew its holdings in Graham Corporation by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 396,522 shares of the industrial products company’s stock valued at $7,796,000 after purchasing an additional 31,833 shares during the period. Finally, Algert Global LLC acquired a new stake in Graham Corporation in the second quarter valued at approximately $504,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.
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Separately, Zacks Investment Research raised Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Graham Corporation (GHM) opened at 19.55 on Friday. The stock has a market cap of $190.96 million, a P/E ratio of 32.42 and a beta of 1.05. The stock has a 50 day moving average price of $20.93 and a 200 day moving average price of $20.72. Graham Corporation has a 52-week low of $17.19 and a 52-week high of $25.00.
Graham Corporation (NYSE:GHM) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Graham Corporation had a net margin of 5.31% and a return on equity of 4.25%. The business had revenue of $17.20 million for the quarter, compared to analysts’ expectations of $16.73 million. During the same period in the previous year, the company posted $0.14 EPS. Graham Corporation’s revenue was down 18.5% on a year-over-year basis. On average, equities research analysts forecast that Graham Corporation will post $0.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, November 6th. Graham Corporation’s payout ratio is presently 76.60%.
Graham Corporation Company Profile
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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