Graham Co. (NYSE:GHM) Short Interest Update

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

Graham Stock Up 0.9 %

GHM traded up $0.38 on Monday, reaching $44.65. The company had a trading volume of 54,297 shares, compared to its average volume of 84,637. The stock has a market capitalization of $486.27 million, a PE ratio of 62.89 and a beta of 0.73. 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.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, analysts expect that Graham will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Graham during the second quarter worth about $31,000. SG Americas Securities LLC acquired a new position in Graham during the third quarter worth about $112,000. BNP Paribas Financial Markets grew its position in Graham by 36.9% during the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,374 shares during the period. MetLife Investment Management LLC grew its position in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company’s stock worth $178,000 after buying an additional 3,388 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in Graham by 57.3% during the third quarter. Exchange Traded Concepts LLC now owns 7,612 shares of the industrial products company’s stock worth $225,000 after buying an additional 2,774 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

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.