Ameriprise Financial Inc. lessened its position in Griffon Corporation (NYSE:GFF) by 14.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 176,188 shares of the conglomerate’s stock after selling 29,161 shares during the period. Ameriprise Financial Inc. owned approximately 0.37% of Griffon Corporation worth $3,867,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in GFF. Royce & Associates LP boosted its position in shares of Griffon Corporation by 39.6% during the 2nd quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock valued at $13,585,000 after purchasing an additional 175,600 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Griffon Corporation by 189.5% in the second quarter. First Trust Advisors LP now owns 93,745 shares of the conglomerate’s stock worth $2,058,000 after buying an additional 61,366 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Griffon Corporation by 75.4% in the second quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after buying an additional 5,673 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Griffon Corporation by 3.2% in the second quarter. Gamco Investors INC. ET AL now owns 5,430,005 shares of the conglomerate’s stock worth $119,189,000 after buying an additional 167,770 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Griffon Corporation by 4.0% in the second quarter. Strs Ohio now owns 33,500 shares of the conglomerate’s stock worth $735,000 after buying an additional 1,300 shares during the period. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Shares of Griffon Corporation (NYSE:GFF) traded down $0.45 during mid-day trading on Friday, reaching $20.75. 55,200 shares of the company were exchanged, compared to its average volume of 122,676. Griffon Corporation has a fifty-two week low of $17.65 and a fifty-two week high of $27.15. The company has a market capitalization of $1,001.84, a price-to-earnings ratio of 27.18 and a beta of 1.42. The company has a debt-to-equity ratio of 2.49, a current ratio of 2.72 and a quick ratio of 1.57.
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About Griffon Corporation
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).
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