Ellsworth Advisors LLC Reduces Stock Position in Graham Co. (NYSE:GHM)

Ellsworth Advisors LLC trimmed its holdings in shares of Graham Co. (NYSE:GHM) by 27.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,109 shares of the industrial products company’s stock after selling 8,575 shares during the period. Ellsworth Advisors LLC’s holdings in Graham were worth $1,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock worth $1,153,000 after purchasing an additional 28,863 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Graham during the third quarter worth approximately $266,000. Barclays PLC raised its holdings in Graham by 36.5% during the third quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 4,145 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Graham by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock worth $6,900,000 after buying an additional 2,952 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Graham by 5.7% in the 3rd quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company’s stock valued at $283,000 after buying an additional 513 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE:GHM opened at $44.65 on Monday. Graham Co. has a 12 month low of $18.90 and a 12 month high of $49.28. The firm has a market capitalization of $486.27 million, a P/E ratio of 62.89 and a beta of 0.73. The company’s fifty day moving average price is $43.45 and its 200 day moving average price is $34.79.

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