Graham Co. (NYSE:GHM) Short Interest Update

Graham Co. (NYSE:GHM) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 191,200 shares, a decline of 11.2% from the October 15th total of 215,200 shares. Based on an average daily trading volume, of 39,800 shares, the short-interest ratio is presently 4.8 days.

Institutional Investors Weigh In On Graham

Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of Graham by 14.8% in the 1st quarter. Acadian Asset Management LLC now owns 171,371 shares of the industrial products company’s stock valued at $4,673,000 after purchasing an additional 22,098 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in shares of Graham by 1,640.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock valued at $4,037,000 after buying an additional 139,472 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Graham by 9.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,983 shares of the industrial products company’s stock valued at $1,282,000 after buying an additional 4,122 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Graham by 8,163.5% in the 1st quarter. Lazard Asset Management LLC now owns 4,297 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,245 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Graham in the 1st quarter valued at $1,118,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

Graham Stock Up 1.3 %

GHM stock traded up $0.52 during trading on Monday, hitting $40.77. 110,101 shares of the company’s stock traded hands, compared to its average volume of 71,539. The firm has a market capitalization of $443.99 million, a P/E ratio of 56.69 and a beta of 0.56. Graham has a 1 year low of $17.02 and a 1 year high of $42.65. The business has a fifty day simple moving average of $31.15 and a two-hundred day simple moving average of $29.96.

Graham (NYSE:GHM) last posted its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same period in the previous year, the business posted $0.04 earnings per share. On average, equities research analysts predict that Graham will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.

About Graham

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.