Morgan Dempsey Capital Management LLC Decreases Position in Graham Corporation (NYSE:GHM)
Morgan Dempsey Capital Management LLC reduced its stake in shares of Graham Corporation (NYSE:GHM) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,068 shares of the industrial products company’s stock after selling 1,172 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Graham Corporation were worth $1,004,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Thomson Horstmann & Bryant Inc. increased its position in Graham Corporation by 19.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 534,132 shares of the industrial products company’s stock valued at $12,285,000 after buying an additional 87,949 shares during the period. Dimensional Fund Advisors LP boosted its stake in Graham Corporation by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 364,689 shares of the industrial products company’s stock valued at $8,388,000 after buying an additional 25,940 shares in the last quarter. Vanguard Group Inc. boosted its stake in Graham Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 361,349 shares of the industrial products company’s stock valued at $8,311,000 after buying an additional 11,266 shares in the last quarter. RK Capital Management LLC boosted its stake in Graham Corporation by 18.3% in the first quarter. RK Capital Management LLC now owns 343,655 shares of the industrial products company’s stock valued at $7,904,000 after buying an additional 53,055 shares in the last quarter. Finally, WCM Investment Management CA boosted its stake in Graham Corporation by 1.4% in the first quarter. WCM Investment Management CA now owns 276,596 shares of the industrial products company’s stock valued at $6,362,000 after buying an additional 3,685 shares in the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.
Shares of Graham Corporation (GHM) opened at 19.56 on Thursday. Graham Corporation has a 12-month low of $17.19 and a 12-month high of $25.00. The firm has a market cap of $190.49 million, a PE ratio of 37.83 and a beta of 1.05. The company has a 50 day moving average price of $19.96 and a 200 day moving average price of $21.61.
Graham Corporation (NYSE:GHM) last announced its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The business had revenue of $20.90 million for the quarter, compared to analyst estimates of $17.89 million. Graham Corporation had a return on equity of 5.28% and a net margin of 6.51%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. On average, analysts forecast that Graham Corporation will post $0.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, August 11th. Graham Corporation’s dividend payout ratio (DPR) is 60.00%.
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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 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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