The Gorman-Rupp Company (NYSE:GRC) Short Interest Update

The Gorman-Rupp Company (NYSE:GRC) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 142,200 shares, an increase of 115.1% from the January 15th total of 66,100 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 65,700 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Gorman-Rupp from a “buy” rating to a “strong-buy” rating in a report on Friday, November 29th.

Gorman-Rupp Stock Up 0.9 %

Shares of GRC stock traded up $0.36 during mid-day trading on Thursday, hitting $37.99. The stock had a trading volume of 41,048 shares, compared to its average volume of 59,260. Gorman-Rupp has a 12-month low of $30.47 and a 12-month high of $43.79. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.39 and a quick ratio of 1.38. The firm’s 50-day moving average is $38.52 and its two-hundred day moving average is $38.88. The firm has a market capitalization of $996.27 million, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97.

Gorman-Rupp (NYSE:GRC) last released its quarterly earnings results on Friday, February 7th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). Gorman-Rupp had a return on equity of 12.32% and a net margin of 5.80%. During the same period in the prior year, the business earned $0.34 earnings per share. On average, analysts predict that Gorman-Rupp will post 1.78 earnings per share for the current fiscal year.

Gorman-Rupp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 annualized dividend and a yield of 1.95%. Gorman-Rupp’s dividend payout ratio (DPR) is 48.37%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bailard Inc. grew its stake in shares of Gorman-Rupp by 2.5% during the fourth quarter. Bailard Inc. now owns 16,395 shares of the industrial products company’s stock worth $622,000 after acquiring an additional 400 shares during the last quarter. Rhumbline Advisers boosted its stake in Gorman-Rupp by 1.8% in the 4th quarter. Rhumbline Advisers now owns 31,320 shares of the industrial products company’s stock worth $1,188,000 after purchasing an additional 548 shares in the last quarter. Inceptionr LLC grew its position in Gorman-Rupp by 9.5% during the 4th quarter. Inceptionr LLC now owns 6,988 shares of the industrial products company’s stock worth $265,000 after purchasing an additional 609 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Gorman-Rupp by 5,461.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 710 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Gorman-Rupp by 3.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 20,012 shares of the industrial products company’s stock worth $779,000 after buying an additional 710 shares during the last quarter. 59.26% of the stock is owned by institutional investors and hedge funds.

Gorman-Rupp Company Profile

The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company’s products 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 pumps.