Proficio Capital Partners LLC Buys New Holdings in The Gorman-Rupp Company (NYSE:GRC)

Proficio Capital Partners LLC acquired a new stake in shares of The Gorman-Rupp Company (NYSE:GRC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,793 shares of the industrial products company's stock, valued at approximately $447,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Gorman-Rupp by 5,461.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company's stock worth $28,000 after purchasing an additional 710 shares during the period. Centricity Wealth Management LLC acquired a new stake in shares of Gorman-Rupp in the fourth quarter worth about $38,000. Point72 Asset Management L.P. bought a new stake in Gorman-Rupp during the third quarter worth approximately $62,000. Quantbot Technologies LP acquired a new position in Gorman-Rupp in the 3rd quarter valued at $154,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gorman-Rupp in the third quarter worth about $209,000. 59.26% of the stock is currently owned by institutional investors.

Gorman-Rupp Price Performance

NYSE:GRC traded down $0.22 during mid-day trading on Wednesday, reaching $37.49. 15,087 shares of the company were exchanged, compared to its average volume of 81,225. The Gorman-Rupp Company has a 12 month low of $30.47 and a 12 month high of $43.79. The company has a fifty day moving average of $37.89 and a 200 day moving average of $38.86. The stock has a market cap of $983.16 million, a PE ratio of 24.50, a PEG ratio of 1.54 and a beta of 0.94. The company has a quick ratio of 1.38, a current ratio of 2.39 and a debt-to-equity ratio of 0.99.

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Gorman-Rupp (NYSE:GRC - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a return on equity of 12.79% and a net margin of 6.08%. During the same quarter in the prior year, the business posted $0.34 EPS. On average, research analysts anticipate that The Gorman-Rupp Company will post 1.98 EPS for the current fiscal year.

Gorman-Rupp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, February 14th. Gorman-Rupp's dividend payout ratio is 48.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 25th.

Gorman-Rupp Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps.