SG Americas Securities LLC acquired a new stake in Graham Co. (NYSE:GHM – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,773 shares of the industrial products company’s stock, valued at approximately $112,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Graham by 85.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,439 shares of the industrial products company’s stock worth $294,000 after buying an additional 4,811 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Graham during the 2nd quarter worth $635,000. Bank of Montreal Can acquired a new position in shares of Graham during the 2nd quarter worth $367,000. Itau Unibanco Holding S.A. acquired a new position in shares of Graham during the 2nd quarter worth $31,000. Finally, Sei Investments Co. acquired a new position in shares of Graham during the 2nd quarter worth $447,000. 69.46% of the stock is owned by institutional investors and hedge funds.
Graham Stock Performance
Graham stock opened at $29.90 on Friday. Graham Co. has a 52 week low of $15.18 and a 52 week high of $34.72. The stock has a fifty day moving average of $30.03 and a 200-day moving average of $29.38. The stock has a market capitalization of $325.61 million, a P/E ratio of 66.44 and a beta of 0.56.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.
Check Out Our Latest Stock Report on GHM
About Graham
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.
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