The Gorman-Rupp Company (NYSE:GRC) Short Interest Update

The Gorman-Rupp Company (NYSE:GRC - Get Free Report) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 142,200 shares, a growth of 115.1% from the January 15th total of 66,100 shares. Approximately 0.7% of the company's shares are short sold. Based on an average daily volume of 65,700 shares, the short-interest ratio is presently 2.2 days.

Hedge Funds Weigh In On Gorman-Rupp

Several institutional investors and hedge funds have recently bought and sold shares of GRC. Farther Finance Advisors LLC lifted its stake in shares of Gorman-Rupp by 5,461.5% during the third quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company's stock worth $28,000 after buying an additional 710 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Gorman-Rupp during the third quarter worth $29,000. nVerses Capital LLC acquired a new stake in shares of Gorman-Rupp during the third quarter worth $31,000. Centricity Wealth Management LLC acquired a new stake in shares of Gorman-Rupp during the fourth quarter worth $38,000. Finally, Copeland Capital Management LLC acquired a new position in Gorman-Rupp during the third quarter valued at $58,000. 59.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gorman-Rupp from a "strong-buy" rating to a "buy" rating in a report on Monday.

Gorman-Rupp Trading Up 0.4 %

GRC stock traded up $0.14 during mid-day trading on Monday, reaching $38.08. The company had a trading volume of 74,481 shares, compared to its average volume of 57,659. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The company has a market capitalization of $998.76 million, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The firm has a 50 day moving average of $38.29 and a 200 day moving average of $38.81. Gorman-Rupp has a 12 month low of $30.47 and a 12 month high of $43.79.

Gorman-Rupp (NYSE:GRC - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a net margin of 5.80% and a return on equity of 12.32%. During the same quarter in the previous year, the business earned $0.34 EPS. On average, equities analysts predict that Gorman-Rupp will post 1.78 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, February 14th. Gorman-Rupp's payout ratio is 48.37%.

About Gorman-Rupp

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.