11,793 Shares in The Gorman-Rupp Company (NYSE:GRC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of The Gorman-Rupp Company (NYSE:GRC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,793 shares of the industrial products company’s stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRC. Centricity Wealth Management LLC acquired a new stake in shares of Gorman-Rupp in the fourth quarter valued at about $38,000. Point72 Asset Management L.P. acquired a new stake in Gorman-Rupp in the 3rd quarter valued at approximately $62,000. Quantbot Technologies LP bought a new position in Gorman-Rupp in the 3rd quarter worth approximately $154,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gorman-Rupp during the third quarter worth approximately $209,000. Finally, Zacks Investment Management bought a new stake in shares of Gorman-Rupp in the third quarter valued at approximately $235,000. 59.26% of the stock is currently owned by institutional investors and hedge funds.

Gorman-Rupp Trading Up 1.7 %

Gorman-Rupp stock opened at $35.81 on Tuesday. The business has a 50 day moving average price of $37.86 and a two-hundred day moving average price of $38.77. 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 Gorman-Rupp Company has a 12 month low of $30.47 and a 12 month high of $43.79. The stock has a market cap of $939.09 million, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.54 and a beta of 0.94.

Gorman-Rupp (NYSE:GRC) last issued its earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Gorman-Rupp had a net margin of 6.08% and a return on equity of 12.79%. During the same period last year, the business earned $0.34 earnings per share. As a group, equities analysts forecast that The Gorman-Rupp Company will post 1.98 EPS for the current year.

Gorman-Rupp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, February 14th. Gorman-Rupp’s dividend payout ratio (DPR) is presently 48.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 25th.

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.