Graham Co. (NYSE:GHM – Get Rating) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 34,600 shares, a decrease of 42.1% from the February 13th total of 59,800 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 43,300 shares, the short-interest ratio is currently 0.8 days.
Shares of GHM stock traded down $0.13 during trading hours on Friday, hitting $7.65. 53,894 shares of the company’s stock traded hands, compared to its average volume of 49,106. The stock’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $11.89. The stock has a market cap of $81.38 million, a PE ratio of -11.42 and a beta of 0.80. Graham has a 12 month low of $7.64 and a 12 month high of $17.44. The company has a quick ratio of 1.17, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.
Graham (NYSE:GHM – Get Rating) last released its quarterly earnings results on Monday, February 7th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.51). The business had revenue of $28.77 million for the quarter, compared to the consensus estimate of $38.00 million. Graham had a negative net margin of 6.40% and a negative return on equity of 5.95%. During the same period in the previous year, the business posted $0.11 EPS. As a group, equities research analysts expect that Graham will post -0.64 EPS for the current fiscal year.
In other Graham news, Director Lisa M. Schnorr bought 5,000 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were purchased at an average price of $9.10 per share, for a total transaction of $45,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Daniel J. Thoren bought 12,500 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average price of $7.90 per share, for a total transaction of $98,750.00. The disclosure for this purchase can be found here. 7.54% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Graham by 0.7% during the fourth quarter. BlackRock Inc. now owns 184,446 shares of the industrial products company’s stock worth $2,294,000 after buying an additional 1,292 shares during the last quarter. Teton Advisors Inc. grew its holdings in Graham by 5.0% in the third quarter. Teton Advisors Inc. now owns 42,000 shares of the industrial products company’s stock worth $521,000 after purchasing an additional 2,000 shares during the period. American Capital Management Inc. grew its holdings in Graham by 9.1% in the fourth quarter. American Capital Management Inc. now owns 30,350 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 2,520 shares during the period. Royal Bank of Canada grew its holdings in Graham by 20.4% in the second quarter. Royal Bank of Canada now owns 17,053 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 2,886 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in Graham by 8.1% in the third quarter. Moors & Cabot Inc. now owns 40,009 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 3,007 shares during the period. 68.11% of the stock is owned by institutional investors and hedge funds.
GHM has been the topic of a number of analyst reports. Maxim Group decreased their target price on shares of Graham from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. TheStreet lowered shares of Graham from a “c-” rating to a “d+” rating in a research report on Friday, February 11th. Zacks Investment Research lowered shares of Graham from a “hold” rating to a “strong sell” rating in a research report on Friday, February 11th. StockNews.com began coverage on shares of Graham in a research report on Thursday. They set a “hold” rating on the stock. Finally, Colliers Securities lowered shares of Graham from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Graham currently has a consensus rating of “Hold” and a consensus target price of $14.18.
Graham Company Profile
Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.