15,275 Shares in The Gorman-Rupp Company (NYSE:GRC) Purchased by Walleye Capital LLC

Walleye Capital LLC bought a new position in The Gorman-Rupp Company (NYSE:GRC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,275 shares of the industrial products company's stock, valued at approximately $595,000. Walleye Capital LLC owned approximately 0.06% of Gorman-Rupp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bailard Inc. lifted its stake in shares of Gorman-Rupp by 1.8% in the 2nd quarter. Bailard Inc. now owns 20,995 shares of the industrial products company's stock valued at $771,000 after acquiring an additional 378 shares during the last quarter. CWM LLC lifted its position in Gorman-Rupp by 76.8% in the second quarter. CWM LLC now owns 921 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Gorman-Rupp by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 18,920 shares of the industrial products company's stock valued at $695,000 after purchasing an additional 529 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of Gorman-Rupp by 3.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 20,012 shares of the industrial products company's stock valued at $779,000 after purchasing an additional 710 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Gorman-Rupp by 5,461.5% in the third 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 last quarter. 59.26% of the stock is currently owned by institutional investors.

Gorman-Rupp Trading Up 0.4 %

Shares of NYSE GRC traded up $0.16 during trading hours on Friday, hitting $42.00. The company's stock had a trading volume of 38,376 shares, compared to its average volume of 59,747. The Gorman-Rupp Company has a 12 month low of $30.47 and a 12 month high of $43.79. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.38 and a current ratio of 2.39. The business has a 50-day simple moving average of $40.03 and a 200-day simple moving average of $38.41.

Gorman-Rupp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.185 dividend. This is a positive change from Gorman-Rupp's previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, November 15th. Gorman-Rupp's dividend payout ratio (DPR) is currently 51.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Gorman-Rupp from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 29th.

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.