ArrowMark Colorado Holdings LLC boosted its stake in Graham Co. (NYSE:GHM) by 48.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 687,404 shares of the industrial products company’s stock after purchasing an additional 223,552 shares during the period. ArrowMark Colorado Holdings LLC owned about 7.04% of Graham worth $14,387,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Graham by 6.7% in the 2nd quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Graham by 12.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,721 shares of the industrial products company’s stock valued at $192,000 after buying an additional 1,099 shares during the period. Nationwide Fund Advisors boosted its position in Graham by 57.7% in the 3rd quarter. Nationwide Fund Advisors now owns 12,064 shares of the industrial products company’s stock valued at $251,000 after buying an additional 4,415 shares during the period. Teachers Advisors LLC boosted its position in Graham by 2.1% in the 2nd quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock valued at $321,000 after buying an additional 341 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new position in Graham in the 2nd quarter valued at approximately $353,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.
GHM stock traded down $0.06 during midday trading on Monday, hitting $21.36. The company’s stock had a trading volume of 37,769 shares, compared to its average volume of 37,546. Graham Co. has a 52-week low of $17.97 and a 52-week high of $24.03. The stock has a market capitalization of $209.23, a PE ratio of 71.40 and a beta of 0.81.
Graham Company Profile
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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