Rhumbline Advisers boosted its position in Griffon Co. (NYSE:GFF) by 16.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 135,146 shares of the conglomerate’s stock after buying an additional 19,422 shares during the period. Rhumbline Advisers’ holdings in Griffon were worth $2,834,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Trust Co. of Vermont bought a new stake in Griffon in the second quarter valued at about $25,000. Acadian Asset Management LLC bought a new position in shares of Griffon during the second quarter valued at approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Griffon by 91.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,196 shares of the conglomerate’s stock valued at $46,000 after purchasing an additional 1,050 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Griffon during the second quarter valued at approximately $193,000. Finally, United Services Automobile Association bought a new position in shares of Griffon during the second quarter valued at approximately $212,000. 66.40% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE GFF traded up $0.20 during midday trading on Tuesday, hitting $21.78. 1,477 shares of the company’s stock were exchanged, compared to its average volume of 128,223. The company has a debt-to-equity ratio of 2.38, a current ratio of 2.62 and a quick ratio of 1.43. The stock’s 50 day moving average price is $20.73 and its 200-day moving average price is $17.95. The firm has a market cap of $1.01 billion, a P/E ratio of 28.59 and a beta of 2.13. Griffon Co. has a twelve month low of $9.65 and a twelve month high of $21.90.
Griffon Company Profile
Griffon Corp. is a management and holding company, which engages in the direction and assistance to its subsidiaries. It operates through the Home and Building Products, and Defense Electronics segments. The Home and Building Products segment consists of two companies, which manufactures branded consumer and professional tools, landscaping products, and outdoor lifestyle solutions; and sells residential,and commercial garage doors.
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