Oppenheimer Close buys $1,339,757 stake in Graham Corporation (GHM)

Graham Corporation (GHM) : Oppenheimer Close scooped up 11,600 additional shares in Graham Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 73,938 shares of Graham Corporation which is valued at $1,339,757.Graham Corporation makes up approximately 1.22% of Oppenheimer Close’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in GHM in the latest quarter, The investment management firm added 18,700 additional shares and now holds a total of 192,800 shares of Graham Corporation which is valued at $3,493,536. Graham Corporation makes up approx 0.01% of Renaissance Technologies’s portfolio.Tiaa Cref Investment Management reduced its stake in GHM by selling 1,692 shares or 5.03% in the most recent quarter. The Hedge Fund company now holds 31,937 shares of GHM which is valued at $578,698.Dimensional Fund Advisors Lp boosted its stake in GHM in the latest quarter, The investment management firm added 17,289 additional shares and now holds a total of 325,525 shares of Graham Corporation which is valued at $5,856,195.Royce Associates Lp reduced its stake in GHM by selling 32,300 shares or 8.98% in the most recent quarter. The Hedge Fund company now holds 327,587 shares of GHM which is valued at $5,896,566. Graham Corporation makes up approx 0.04% of Royce Associates Lp’s portfolio.

Graham Corporation opened for trading at $19.42 and hit $19.47 on the upside on Monday, eventually ending the session at $19.46, with a gain of 0.72% or 0.14 points. The heightened volatility saw the trading volume jump to 6,261 shares. Company has a market cap of $189 M.

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.

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