Graham Corporation (GHM) : Lafitte Capital Management Lp reduced its stake in Graham Corporation by 22.41% during the most recent quarter end. The investment management company now holds a total of 519,390 shares of Graham Corporation which is valued at $9,411,347 after selling 150,000 shares in Graham Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Graham Corporation makes up approximately 5.94% of Lafitte Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan sold out all of its stake in GHM during the most recent quarter. The investment firm sold 14,800 shares of GHM which is valued $268,176. Spark Investment Management added GHM to its portfolio by purchasing 12,400 company shares during the most recent quarter which is valued at $224,688. Graham Corporation makes up approx 0.02% of Spark Investment Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in GHM by selling 1,575 shares or 13.11% in the most recent quarter. The Hedge Fund company now holds 10,443 shares of GHM which is valued at $187,974.
Graham Corporation closed down -0.42 points or -2.20% at $18.69 with 12,222 shares getting traded on Thursday. Post opening the session at $18.87, the shares hit an intraday low of $18.52 and an intraday high of $19.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Graham Corporation reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.04. The company had revenue of $22.36 million for the quarter, compared to analysts expectations of $20.35 million. The company’s revenue was down -19.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
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 also a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. Its equipment is found in other applications such as metal refining pulp and paper processing water heating refrigeration desalination food processing pharmaceutical heating ventilating and air conditioning. For the defense industry its equipment is used in nuclear propulsion power systems for the United States Navy. Its subsidiary Graham Vacuum and Heat Transfer Technology (Suzhou) Co. Ltd. provides sales and engineering support for it in the People’s Republic of China and management oversight throughout Southeast Asia.