Gorman Rupp Co (GRC): Christopher H Lake , director of Gorman Rupp Co sold 3,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $27.81 per share for a total value of $83,430.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Oct 29, 2015, Christopher H Lake (director) sold 2,000 shares at $28.07 per share price.On Aug 25, 2015, Ronald D Pittenger (Assistant Treasurer) purchased 1,127 shares at $22.19 per share price.Also, On Aug 25, 2015, Wayne L Knabel (CFO) purchased 786 shares at $22.19 per share price.On Aug 3, 2015, Rick Taylor (director) purchased 3,267 shares at $24.58 per share price.
Gorman-Rupp Co: On Friday, May 6, 2016 heightened volatility was witnessed in Gorman-Rupp Co which led to swings in the share price. The shares opened for trading at $27.36 and hit $28.25 on the upside , eventually ending the session at $27.63, with a gain of 0.62% or 0.17 points. The heightened volatility saw the trading volume jump to 18,568 shares. The 52-week high of the share price is $32.6 and the company has a market cap of $721 M . The 52-week low of the share price is at $18.14.
The Gorman-Rupp Company (Gorman-Rupp) designs manufactures and sells pumps and pump systems. The Company sells its products for use in water wastewater construction dewatering industrial petroleum original equipment agriculture fire protection heating ventilating and air conditioning (HVAC) military and other liquid-handling applications. The Company’s product line consists of pump models ranging in rated capacity from less than one gallon per minute to one million gallons per minute. The types of pumps produced by the Company 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. The production operations of the Company are conducted at several locations throughout the United States and other countries.