G2 Investment Partners Management LLC Sells 43,455 Shares of Graham Co. (NYSE:GHM)

G2 Investment Partners Management LLC lessened its stake in shares of Graham Co. (NYSE:GHM) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,711 shares of the industrial products company’s stock after selling 43,455 shares during the quarter. Graham comprises 1.6% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 28th biggest holding. G2 Investment Partners Management LLC owned about 1.27% of Graham worth $6,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in GHM. Vanguard Group Inc. grew its stake in Graham by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 653,991 shares of the industrial products company’s stock valued at $29,083,000 after acquiring an additional 14,589 shares during the period. Renaissance Technologies LLC grew its position in Graham by 8.7% in the 4th quarter. Renaissance Technologies LLC now owns 375,368 shares of the industrial products company’s stock valued at $16,693,000 after purchasing an additional 29,900 shares during the period. First Eagle Investment Management LLC increased its stake in Graham by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 352,973 shares of the industrial products company’s stock valued at $15,697,000 after purchasing an additional 1,750 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Graham by 4.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 179,940 shares of the industrial products company’s stock worth $8,002,000 after buying an additional 7,673 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Graham by 1,479.1% during the fourth quarter. Invesco Ltd. now owns 158,369 shares of the industrial products company’s stock valued at $7,043,000 after buying an additional 148,340 shares during the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Graham from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Graham Trading Up 5.7 %

Shares of NYSE:GHM opened at $35.09 on Friday. Graham Co. has a 1-year low of $24.78 and a 1-year high of $52.00. The stock has a market cap of $382.53 million, a PE ratio of 42.27 and a beta of 0.71. The stock’s fifty day simple moving average is $30.60 and its two-hundred day simple moving average is $37.09.

Graham (NYSE:GHM) last released its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Graham had a net margin of 4.60% and a return on equity of 9.35%. On average, sell-side analysts forecast that Graham Co. will post 1.07 earnings per share for the current fiscal year.

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.