Navellier & Associates Inc. Has $326,000 Stock Holdings in Graham Co. (NYSE:GHM)

Navellier & Associates Inc. cut its position in shares of Graham Co. (NYSE:GHM) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,030 shares of the industrial products company’s stock after selling 7,825 shares during the quarter. Navellier & Associates Inc. owned 0.10% of Graham worth $326,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC boosted its holdings in Graham by 1.0% during the third quarter. Ellsworth Advisors LLC now owns 31,684 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 320 shares in the last quarter. Essex Investment Management Co. LLC boosted its holdings in Graham by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Graham during the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in Graham during the second quarter valued at approximately $37,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Graham by 57.3% in the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 2,774 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Trading Up 2.8 %

NYSE:GHM opened at $44.55 on Friday. Graham Co. has a 1 year low of $17.02 and a 1 year high of $44.73. The firm has a 50 day moving average of $32.55 and a 200-day moving average of $30.44. The stock has a market capitalization of $485.15 million, a P/E ratio of 62.75 and a beta of 0.56.

Graham (NYSE:GHM) last posted its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The company had revenue of $53.56 million during the quarter, compared to analysts’ expectations of $50.50 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, analysts forecast that Graham Co. will post 1.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Graham Company Profile

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.