Dynamic Technology Lab Private Ltd acquired a new stake in shares of Griffon Corporation (NYSE:GFF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,563 shares of the conglomerate’s stock, valued at approximately $297,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in Griffon Corporation in the second quarter valued at $1,321,000. BlueCrest Capital Management Ltd bought a new stake in Griffon Corporation during the second quarter valued at $400,000. State Street Corp boosted its position in Griffon Corporation by 3.6% during the second quarter. State Street Corp now owns 791,950 shares of the conglomerate’s stock valued at $17,382,000 after acquiring an additional 27,501 shares during the last quarter. PDT Partners LLC bought a new stake in Griffon Corporation during the second quarter valued at $1,177,000. Finally, Voya Investment Management LLC boosted its position in Griffon Corporation by 9.3% during the second quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock valued at $390,000 after acquiring an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
Separately, BidaskClub cut shares of Griffon Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.
Griffon Corporation (NYSE:GFF) traded down $0.40 during mid-day trading on Tuesday, hitting $20.35. 63,600 shares of the stock were exchanged, compared to its average volume of 122,406. Griffon Corporation has a one year low of $17.65 and a one year high of $27.15. The company has a market cap of $973.49, a PE ratio of 26.60 and a beta of 1.42. The company has a quick ratio of 1.57, a current ratio of 2.72 and a debt-to-equity ratio of 2.49.
Griffon Corporation Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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