Ellsworth Advisors LLC Trims Stake in Graham Co. (NYSE:GHM)

Ellsworth Advisors LLC lessened its holdings in Graham Co. (NYSE:GHM) by 27.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,109 shares of the industrial products company’s stock after selling 8,575 shares during the period. Ellsworth Advisors LLC owned approximately 0.21% of Graham worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of GHM. XTX Topco Ltd lifted its position in Graham by 5.7% in the third 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 during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Graham by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock worth $5,630,000 after acquiring an additional 620 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Graham by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,265 shares of the industrial products company’s stock worth $866,000 after purchasing an additional 1,065 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Graham during the 2nd quarter worth approximately $31,000. Finally, BNP Paribas Financial Markets increased its holdings in Graham by 36.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 1,374 shares during the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Up 0.9 %

NYSE:GHM opened at $44.65 on Monday. Graham Co. has a 52 week low of $18.90 and a 52 week high of $49.28. The stock’s fifty day moving average is $43.45 and its two-hundred day moving average is $34.79. The stock has a market capitalization of $486.27 million, a price-to-earnings ratio of 62.89 and a beta of 0.73.

Graham (NYSE:GHM) last posted its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. The firm had revenue of $53.56 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.04 EPS. On average, sell-side analysts expect that Graham Co. will post 1.03 EPS for the current fiscal year.

Graham Company Profile

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.