North Star Investment Management Corp. lowered its stake in shares of Graham Co. (NYSE:GHM) by 21.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 147,280 shares of the industrial products company’s stock after selling 41,100 shares during the period. North Star Investment Management Corp.’s holdings in Graham were worth $3,083,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GHM. Schwab Charles Investment Management Inc. lifted its position in shares of Graham by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 37,104 shares of the industrial products company’s stock worth $730,000 after buying an additional 247 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Graham by 2.1% during the 2nd quarter. Teachers Advisors LLC now owns 16,337 shares of the industrial products company’s stock worth $321,000 after buying an additional 341 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Graham by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,106 shares of the industrial products company’s stock worth $1,889,000 after buying an additional 465 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Graham by 6.7% during the 2nd quarter. Wells Fargo & Company MN now owns 7,961 shares of the industrial products company’s stock worth $157,000 after buying an additional 500 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Graham by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,597 shares of the industrial products company’s stock worth $1,486,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 75.03% of the company’s stock.

Graham Co. (GHM) traded down $0.01 during trading hours on Thursday, hitting $21.52. 22,300 shares of the company were exchanged, compared to its average volume of 45,414. The company has a market cap of $215.30, a PE ratio of 45.79 and a beta of 1.05. Graham Co. has a 52 week low of $17.97 and a 52 week high of $24.34.

Graham (NYSE:GHM) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $17.20 million for the quarter, compared to analysts’ expectations of $16.73 million. Graham had a net margin of 5.31% and a return on equity of 4.25%. Graham’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS.

Separately, Zacks Investment Research cut shares of Graham from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.

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Graham Profile

Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.

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Institutional Ownership by Quarter for Graham (NYSE:GHM)

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