Gamco Investors INC. ET AL Has $115.03 Million Holdings in Griffon Co. (GFF)
Gamco Investors INC. ET AL lessened its holdings in shares of Griffon Co. (NYSE:GFF) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 5,652,494 shares of the conglomerate’s stock after selling 95,858 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.12% of Griffon worth $115,028,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in GFF. Royce & Associates LP grew its position in shares of Griffon by 22.8% during the 3rd quarter. Royce & Associates LP now owns 760,316 shares of the conglomerate’s stock worth $16,879,000 after purchasing an additional 141,400 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Griffon by 7.6% during the 3rd quarter. Gabelli Funds LLC now owns 1,696,573 shares of the conglomerate’s stock worth $37,664,000 after purchasing an additional 119,627 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Griffon by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,166,978 shares of the conglomerate’s stock worth $69,516,000 after purchasing an additional 78,214 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of Griffon during the 2nd quarter worth approximately $1,321,000. Finally, SG Americas Securities LLC acquired a new position in shares of Griffon during the 3rd quarter worth approximately $768,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.
Griffon Co. (NYSE:GFF) opened at $18.30 on Friday. Griffon Co. has a 52-week low of $17.65 and a 52-week high of $25.90. The stock has a market cap of $868.65, a P/E ratio of 24.73 and a beta of 1.38. The company has a current ratio of 2.92, a quick ratio of 2.15 and a debt-to-equity ratio of 2.85.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, February 22nd will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, February 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. Griffon’s dividend payout ratio is 36.36%.
In other news, Director Louis J. Grabowsky purchased 11,000 shares of Griffon stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of $23.30 per share, for a total transaction of $256,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 26.40% of the company’s stock.
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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