Sei Investments Co. lifted its position in shares of Graham Corporation (NYSE:GHM) by 46.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,809 shares of the industrial products company’s stock after purchasing an additional 9,501 shares during the period. Sei Investments Co. owned 0.31% of Graham worth $621,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Graham by 6.7% during the second quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Graham by 12.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,099 shares during the period. Nationwide Fund Advisors raised its position in Graham by 57.7% in the third quarter. Nationwide Fund Advisors now owns 12,064 shares of the industrial products company’s stock worth $251,000 after acquiring an additional 4,415 shares during the period. Teachers Advisors LLC raised its position in Graham by 2.1% in the second quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock worth $321,000 after acquiring an additional 341 shares during the period. Finally, Parametric Portfolio Associates LLC bought a new stake in Graham in the second quarter worth about $353,000. 75.03% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.
Graham (NYSE:GHM) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $17.20 million for the quarter, compared to analyst estimates of $16.73 million. Graham had a net margin of 5.31% and a return on equity of 4.25%. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, November 6th. Graham’s dividend payout ratio is 76.60%.
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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