SG Americas Securities LLC Buys 3,234 Shares of The Gorman-Rupp Company (NYSE:GRC)

SG Americas Securities LLC grew its position in The Gorman-Rupp Company (NYSE:GRC) by 30.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,001 shares of the industrial products company’s stock after purchasing an additional 3,234 shares during the period. SG Americas Securities LLC owned about 0.05% of Gorman-Rupp worth $531,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GRC. Farther Finance Advisors LLC boosted its position in Gorman-Rupp by 5,461.5% in the third quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $28,000 after buying an additional 710 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Gorman-Rupp in the third quarter valued at approximately $29,000. nVerses Capital LLC acquired a new position in shares of Gorman-Rupp in the 3rd quarter worth approximately $31,000. Copeland Capital Management LLC bought a new stake in Gorman-Rupp during the 3rd quarter worth approximately $58,000. Finally, Point72 Asset Management L.P. acquired a new stake in Gorman-Rupp during the 3rd quarter valued at $62,000. Institutional investors own 59.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 29th.

Gorman-Rupp Stock Down 1.8 %

Shares of NYSE:GRC opened at $38.34 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.01 billion, a P/E ratio of 26.44, a P/E/G ratio of 1.51 and a beta of 0.97. The Gorman-Rupp Company has a 12 month low of $30.47 and a 12 month high of $43.79. The company’s 50-day moving average price is $39.32 and its two-hundred day moving average price is $39.05.

Gorman-Rupp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.185 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a yield of 1.93%. Gorman-Rupp’s payout ratio is 51.03%.

Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company’s products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.