Graham Co. (NYSE:GHM) Sees Large Decline in Short Interest

Graham Co. (NYSE:GHMGet Rating) was the recipient of a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 43,900 shares, a drop of 9.7% from the December 15th total of 48,600 shares. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GHM. StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Wednesday, December 28th. Litchfield Hills Research restated a “buy” rating on shares of Graham in a research report on Wednesday, November 9th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Graham Stock Performance

NYSE GHM traded down $0.02 during trading on Tuesday, reaching $9.98. 235 shares of the company’s stock were exchanged, compared to its average volume of 41,516. Graham has a fifty-two week low of $6.51 and a fifty-two week high of $12.55. The business has a 50 day moving average price of $9.84 and a 200-day moving average price of $8.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 1.13.

Graham (NYSE:GHMGet Rating) last issued its quarterly earnings results on Monday, November 7th. The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Graham had a negative return on equity of 2.73% and a negative net margin of 3.28%. The company had revenue of $38.14 million for the quarter, compared to analysts’ expectations of $37.00 million. As a group, equities research analysts anticipate that Graham will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. WNY Asset Management LLC bought a new position in Graham in the third quarter valued at about $92,000. Azarias Capital Management L.P. grew its position in Graham by 3.5% in the second quarter. Azarias Capital Management L.P. now owns 527,050 shares of the industrial products company’s stock valued at $3,647,000 after acquiring an additional 17,604 shares during the last quarter. Teton Advisors Inc. grew its position in Graham by 7.8% in the second quarter. Teton Advisors Inc. now owns 89,500 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 6,500 shares during the last quarter. Gabelli Funds LLC grew its position in Graham by 59.0% in the third quarter. Gabelli Funds LLC now owns 29,655 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Graham by 2.3% in the third quarter. Gamco Investors INC. ET AL now owns 290,769 shares of the industrial products company’s stock valued at $2,556,000 after acquiring an additional 6,500 shares during the last quarter. Institutional investors own 64.47% of the company’s stock.

Graham Company Profile

(Get Rating)

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.

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