Gamco Investors INC. ET AL Increases Holdings in Griffon Corporation (GFF)
Gamco Investors INC. ET AL boosted its stake in Griffon Corporation (NYSE:GFF) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,748,352 shares of the conglomerate’s stock after acquiring an additional 318,347 shares during the period. Griffon Corporation accounts for about 0.8% of Gamco Investors INC. ET AL’s holdings, making the stock its 29th biggest position. Gamco Investors INC. ET AL owned about 13.79% of Griffon Corporation worth $127,613,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Griffon Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock worth $156,000 after acquiring an additional 1,066 shares during the period. BNP Paribas Arbitrage SA raised its position in Griffon Corporation by 75.4% in the second quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after acquiring an additional 5,673 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Griffon Corporation in the second quarter worth about $297,000. Crossmark Global Holdings Inc. bought a new stake in Griffon Corporation in the third quarter worth about $346,000. Finally, Voya Investment Management LLC raised its position in Griffon Corporation by 9.3% in the second quarter. Voya Investment Management LLC now owns 17,750 shares of the conglomerate’s stock worth $390,000 after acquiring an additional 1,511 shares during the period. 68.42% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of Griffon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.
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Shares of Griffon Corporation (GFF) traded down $0.25 during mid-day trading on Monday, reaching $21.65. 19,178 shares of the company’s stock traded hands, compared to its average volume of 48,765. Griffon Corporation has a twelve month low of $16.45 and a twelve month high of $27.15. The company has a market capitalization of $1,034.92, a price-to-earnings ratio of 28.08 and a beta of 1.42. The company has a current ratio of 2.72, a quick ratio of 1.57 and a debt-to-equity ratio of 2.49.
About Griffon Corporation
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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