Short Interest in Graham Co. (NYSE:GHM) Expands By 5.5%

Graham Co. (NYSE:GHM - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 100,000 shares, a growth of 5.5% from the December 31st total of 94,800 shares. Based on an average trading volume of 70,200 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GHM. Jones Financial Companies Lllp acquired a new position in shares of Graham in the 4th quarter valued at $45,000. SG Americas Securities LLC purchased a new stake in Graham in the 3rd quarter valued at about $112,000. BNP Paribas Financial Markets lifted its position in Graham by 36.9% in the third quarter. BNP Paribas Financial Markets now owns 5,096 shares of the industrial products company's stock valued at $151,000 after buying an additional 1,374 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Graham by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,012 shares of the industrial products company's stock worth $178,000 after buying an additional 3,388 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Graham during the fourth quarter valued at about $203,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Performance

Shares of GHM stock traded down $2.50 on Thursday, hitting $47.23. 182,662 shares of the stock traded hands, compared to its average volume of 90,722. Graham has a twelve month low of $21.72 and a twelve month high of $52.00. The firm's 50-day moving average price is $44.46 and its two-hundred day moving average price is $36.35. The stock has a market capitalization of $514.28 million, a PE ratio of 66.51 and a beta of 0.71.

Graham (NYSE:GHM - Get Free Report) last posted its earnings results on Friday, November 8th. The industrial products company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $53.56 million for the quarter, compared to analyst estimates of $50.50 million. Graham had a net margin of 3.95% and a return on equity of 7.91%. During the same period in the previous year, the business posted $0.04 EPS. On average, equities research analysts anticipate that Graham will post 1.03 EPS for the current fiscal year.

Graham Company Profile

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.