Springbank Value Partners Lp Lowers stake in Graham Corporation (GHM)

Graham Corporation (GHM) : Springbank Value Partners Lp reduced its stake in Graham Corporation by 28.75% during the most recent quarter end. The investment management company now holds a total of 11,400 shares of Graham Corporation which is valued at $204,972 after selling 4,600 shares in Graham Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Graham Corporation makes up approximately 0.34% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Value Holdings Lp reduced its stake in GHM by selling 6,030 shares or 15.84% in the most recent quarter. The Hedge Fund company now holds 32,030 shares of GHM which is valued at $575,899. Graham Corporation makes up approx 0.36% of Value Holdings Lp’s portfolio.American Century Companies Inc boosted its stake in GHM in the latest quarter, The investment management firm added 26,691 additional shares and now holds a total of 610,363 shares of Graham Corporation which is valued at $11,322,234. Graham Corporation makes up approx 0.01% of American Century Companies Inc’s portfolio. Simplex Trading sold out all of its stake in GHM during the most recent quarter. The investment firm sold 539 shares of GHM which is valued $10,225.North Star Investment Management Corp. boosted its stake in GHM in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 173,725 shares of Graham Corporation which is valued at $3,603,057. Graham Corporation makes up approx 0.65% of North Star Investment Management Corp.’s portfolio. Bnp Paribas Arbitrage Sa added GHM to its portfolio by purchasing 355 company shares during the most recent quarter which is valued at $7,224.

Graham Corporation closed down -0.23 points or -1.28% at $17.75 with 6,732 shares getting traded on Thursday. Post opening the session at $18, the shares hit an intraday low of $17.75 and an intraday high of $18 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.

Investors should note that on Jul 28, 2016, Graham Corporation announced a cash dividend of $0.0900. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Aug 25, 2016.

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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