Exchange Traded Concepts LLC Has $225,000 Holdings in Graham Co. (NYSE:GHM)

Exchange Traded Concepts LLC grew its position in Graham Co. (NYSE:GHM) by 57.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,612 shares of the industrial products company’s stock after buying an additional 2,774 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.07% of Graham worth $225,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GHM. Wasatch Advisors LP raised its stake in Graham by 7.4% during the 1st quarter. Wasatch Advisors LP now owns 360,726 shares of the industrial products company’s stock valued at $9,841,000 after purchasing an additional 24,961 shares during the period. First Eagle Investment Management LLC raised its position in Graham by 7.2% during the second quarter. First Eagle Investment Management LLC now owns 313,662 shares of the industrial products company’s stock valued at $8,833,000 after buying an additional 20,933 shares during the period. Acadian Asset Management LLC lifted its stake in Graham by 21.4% in the 2nd quarter. Acadian Asset Management LLC now owns 208,095 shares of the industrial products company’s stock worth $5,858,000 after acquiring an additional 36,724 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Graham by 1.4% in the 1st quarter. Essex Investment Management Co. LLC now owns 179,473 shares of the industrial products company’s stock worth $4,896,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in Graham by 1,640.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 147,972 shares of the industrial products company’s stock worth $4,037,000 after acquiring an additional 139,472 shares during the period. 69.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GHM has been the subject of a number of research analyst reports. Noble Financial began coverage on shares of Graham in a research report on Monday, June 24th. They issued an “outperform” rating and a $35.00 price target for the company. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

Graham Stock Performance

NYSE:GHM opened at $31.23 on Tuesday. The company has a market capitalization of $339.50 million, a P/E ratio of 72.79 and a beta of 0.56. The stock’s 50 day moving average price is $29.91 and its 200 day moving average price is $29.38. Graham Co. has a 52 week low of $15.01 and a 52 week high of $34.72.

Graham (NYSE:GHM) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. Graham had a net margin of 2.60% and a return on equity of 5.26%. The business had revenue of $49.95 million during the quarter, compared to analyst estimates of $50.00 million. During the same quarter in the previous year, the business earned $0.25 EPS. As a group, sell-side analysts forecast that Graham Co. will post 0.95 earnings per share for the current fiscal year.

Graham Company 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.