Cubist Systematic Strategies LLC Acquires Shares of 26,332 Griffon Co. (GFF)
Cubist Systematic Strategies LLC acquired a new position in shares of Griffon Co. (NYSE:GFF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,332 shares of the conglomerate’s stock, valued at approximately $585,000. Cubist Systematic Strategies LLC owned 0.06% of Griffon at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Griffon by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock worth $156,000 after buying an additional 1,066 shares during the period. BNP Paribas Arbitrage SA raised its stake in Griffon by 75.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after buying an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Griffon during the 2nd quarter worth $297,000. Crossmark Global Holdings Inc. acquired a new stake in Griffon during the 3rd quarter worth $346,000. Finally, Voya Investment Management LLC raised its stake in Griffon by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after buying an additional 1,511 shares during the period. 67.41% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Louis J. Grabowsky purchased 11,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of $23.30 per share, with a total value of $256,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 24.80% of the company’s stock.
Shares of Griffon Co. (GFF) opened at $20.35 on Wednesday. The company has a market capitalization of $960.92, a price-to-earnings ratio of 48.45 and a beta of 1.42. Griffon Co. has a 12 month low of $17.65 and a 12 month high of $27.15. The company has a debt-to-equity ratio of 2.43, a quick ratio of 2.15 and a current ratio of 2.96.
Griffon (NYSE:GFF) last issued its quarterly earnings data on Thursday, November 16th. The conglomerate reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $430.80 million for the quarter. Griffon had a return on equity of 9.60% and a net margin of 0.80%. During the same period in the previous year, the business posted $0.27 EPS.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Wednesday, November 29th were paid a $0.07 dividend. This is an increase from Griffon’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, November 28th. This represents a $0.28 annualized dividend and a dividend yield of 1.38%. Griffon’s dividend payout ratio (DPR) is currently 66.67%.
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Griffon Company Profile
Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).
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