Essex Investment Management Co. LLC Sells 49,537 Shares of Graham Co. (NYSE:GHM)

Essex Investment Management Co. LLC trimmed its stake in shares of Graham Co. (NYSE:GHM) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,716 shares of the industrial products company’s stock after selling 49,537 shares during the quarter. Graham makes up 1.1% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 19th largest position. Essex Investment Management Co. LLC owned approximately 1.29% of Graham worth $6,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GHM. Wellington Management Group LLP bought a new stake in shares of Graham in the 3rd quarter worth approximately $1,103,000. State Street Corp grew its position in shares of Graham by 22.6% in the 3rd quarter. State Street Corp now owns 158,611 shares of the industrial products company’s stock worth $4,693,000 after buying an additional 29,277 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $1,153,000 after buying an additional 28,863 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Graham by 291.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 29,788 shares of the industrial products company’s stock valued at $1,325,000 after purchasing an additional 22,176 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Graham in the 4th quarter valued at approximately $814,000. 69.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Graham from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Graham Stock Up 1.7 %

GHM opened at $32.15 on Friday. The stock has a market cap of $350.48 million, a PE ratio of 38.73 and a beta of 0.73. The business has a 50 day moving average of $40.70 and a 200-day moving average of $37.04. Graham Co. has a 52 week low of $23.67 and a 52 week high of $52.00.

Graham (NYSE:GHM) last announced its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Graham had a return on equity of 9.35% and a net margin of 4.60%. Equities analysts anticipate that Graham Co. will post 1.07 EPS for the current year.

Graham Profile

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.