Foundry Partners LLC Decreases Holdings in Graham Co. (GHM)

Foundry Partners LLC lessened its holdings in Graham Co. (NYSE:GHM) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 272,678 shares of the industrial products company’s stock after selling 8,400 shares during the period. Foundry Partners LLC owned approximately 2.77% of Graham worth $7,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of Graham by 4.4% during the second quarter. Renaissance Technologies LLC now owns 335,100 shares of the industrial products company’s stock valued at $8,649,000 after purchasing an additional 14,000 shares during the period. Royce & Associates LP lifted its stake in Graham by 11.1% in the second quarter. Royce & Associates LP now owns 385,853 shares of the industrial products company’s stock worth $9,959,000 after acquiring an additional 38,700 shares during the period. BlackRock Inc. lifted its stake in Graham by 2.5% in the second quarter. BlackRock Inc. now owns 660,117 shares of the industrial products company’s stock worth $17,037,000 after acquiring an additional 16,147 shares during the period. GHP Investment Advisors Inc. lifted its stake in Graham by 9.1% in the second quarter. GHP Investment Advisors Inc. now owns 40,089 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 3,347 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Graham by 1,197.5% in the second quarter. Russell Investments Group Ltd. now owns 49,305 shares of the industrial products company’s stock worth $1,273,000 after acquiring an additional 45,505 shares during the period. Institutional investors own 77.22% of the company’s stock.

Separately, TheStreet lowered shares of Graham from a “b-” rating to a “c” rating in a research report on Friday, September 21st.

In related news, CFO Jeffrey Glajch sold 2,963 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $28.36, for a total value of $84,030.68. Following the transaction, the chief financial officer now owns 55,477 shares in the company, valued at approximately $1,573,327.72. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 6,846 shares of company stock worth $189,599. 3.66% of the stock is owned by corporate insiders.

Shares of GHM remained flat at $$26.25 during mid-day trading on Friday. 29,169 shares of the stock traded hands, compared to its average volume of 33,084. Graham Co. has a 12-month low of $17.97 and a 12-month high of $28.98. The firm has a market capitalization of $255.52 million, a P/E ratio of 78.76 and a beta of 1.00.

Graham (NYSE:GHM) last posted its quarterly earnings data on Thursday, November 8th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Graham had a negative net margin of 9.81% and a positive return on equity of 3.00%. The firm had revenue of $21.44 million for the quarter. During the same quarter last year, the company earned $0.02 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 21st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.40 annualized dividend and a yield of 1.52%.

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Graham Company Profile

Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.

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Institutional Ownership by Quarter for Graham (NYSE:GHM)

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