Cubist Systematic Strategies LLC Purchases New Position in Griffon Co. (GFF)

Cubist Systematic Strategies LLC purchased a new stake in shares of Griffon Co. (NYSE:GFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,332 shares of the conglomerate’s stock, valued at approximately $585,000. Cubist Systematic Strategies LLC owned 0.06% of Griffon as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in Griffon by 5.9% in the third quarter. Gamco Investors INC. ET AL now owns 5,748,352 shares of the conglomerate’s stock valued at $127,613,000 after buying an additional 318,347 shares during the period. Royce & Associates LP increased its holdings in shares of Griffon by 39.6% in the second quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock worth $13,585,000 after acquiring an additional 175,600 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Griffon by 7.6% in the third quarter. Gabelli Funds LLC now owns 1,696,573 shares of the conglomerate’s stock worth $37,664,000 after acquiring an additional 119,627 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Griffon by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,166,978 shares of the conglomerate’s stock worth $69,516,000 after acquiring an additional 78,214 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Griffon by 189.5% in the second quarter. First Trust Advisors LP now owns 93,745 shares of the conglomerate’s stock worth $2,058,000 after acquiring an additional 61,366 shares in the last quarter. 67.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Griffon Co. (NYSE:GFF) opened at $20.00 on Thursday. Griffon Co. has a fifty-two week low of $17.65 and a fifty-two week high of $26.40. The stock has a market capitalization of $976.97, a PE ratio of 47.62 and a beta of 1.43. The company has a quick ratio of 2.15, a current ratio of 2.96 and a debt-to-equity ratio of 2.43.

Griffon (NYSE:GFF) last announced its quarterly earnings results on Thursday, November 16th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Griffon had a return on equity of 9.60% and a net margin of 0.80%. The company had revenue of $430.80 million during the quarter. During the same quarter last year, the company earned $0.27 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, November 29th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This is an increase from Griffon’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.40%. Griffon’s dividend payout ratio (DPR) is presently 66.67%.

In other news, Director Louis J. Grabowsky acquired 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average cost of $23.30 per share, for a total transaction of $256,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 24.80% of the stock is currently owned by company insiders.

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About Griffon

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).

Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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