Graham Co. (NYSE:GHM) Sees Significant Increase in Short Interest

Graham Co. (NYSE:GHM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 100,000 shares, a growth of 5.5% from the December 15th total of 94,800 shares. Based on an average daily volume of 70,200 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On Graham

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Graham by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after buying an additional 2,952 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in Graham by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 190,253 shares of the industrial products company’s stock valued at $5,630,000 after purchasing an additional 620 shares during the last quarter. State Street Corp increased its holdings in Graham by 22.6% during the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after purchasing an additional 29,277 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Graham by 17.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,966 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 9,466 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Graham by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 28,863 shares in the last quarter. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Trading Up 0.9 %

GHM traded up $0.38 during trading on Monday, hitting $44.65. 54,297 shares of the company’s stock were exchanged, compared to its average volume of 84,637. Graham has a 1 year low of $18.90 and a 1 year high of $49.28. The stock has a 50 day moving average price of $43.45 and a 200 day moving average price of $34.79. The firm has a market cap of $486.27 million, a P/E ratio of 62.89 and a beta of 0.73.

Graham (NYSE:GHM) last announced its quarterly earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. Graham had a net margin of 3.95% and a return on equity of 7.91%. The firm had revenue of $53.56 million during the quarter, compared to analysts’ expectations of $50.50 million. During the same period in the prior year, the company earned $0.04 EPS. Analysts forecast that Graham will post 1.03 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.