Gamco Investors INC. ET AL Sells 95,858 Shares of Griffon Co. (NYSE:GFF)

Gamco Investors INC. ET AL trimmed its holdings in shares of Griffon Co. (NYSE:GFF) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,652,494 shares of the conglomerate’s stock after selling 95,858 shares during the period. Gamco Investors INC. ET AL owned about 11.95% of Griffon worth $115,028,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GFF. Schwab Charles Investment Management Inc. lifted its position in Griffon by 1.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 250,321 shares of the conglomerate’s stock worth $5,495,000 after acquiring an additional 4,196 shares during the last quarter. Swiss National Bank increased its holdings in shares of Griffon by 7.3% during the second quarter. Swiss National Bank now owns 51,200 shares of the conglomerate’s stock worth $1,124,000 after purchasing an additional 3,500 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Griffon by 1.3% during the second quarter. Wells Fargo & Company MN now owns 23,363 shares of the conglomerate’s stock worth $513,000 after purchasing an additional 299 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Griffon by 6.2% during the second quarter. Thrivent Financial For Lutherans now owns 18,850 shares of the conglomerate’s stock worth $414,000 after purchasing an additional 1,100 shares during the period. Finally, Citigroup Inc. increased its holdings in shares of Griffon by 20.2% during the second quarter. Citigroup Inc. now owns 37,674 shares of the conglomerate’s stock worth $827,000 after purchasing an additional 6,344 shares during the period. Institutional investors own 67.30% of the company’s stock.

Shares of Griffon Co. (GFF) traded up $0.30 during trading hours on Friday, reaching $18.70. 209,080 shares of the company were exchanged, compared to its average volume of 116,589. The company has a market capitalization of $887.63, a PE ratio of 25.27 and a beta of 1.38. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.92 and a quick ratio of 2.06. Griffon Co. has a fifty-two week low of $17.60 and a fifty-two week high of $25.90.

Griffon (NYSE:GFF) last issued its earnings results on Wednesday, January 31st. The conglomerate reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Griffon had a net margin of 1.83% and a return on equity of 7.94%. The company had revenue of $437.30 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, February 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. Griffon’s dividend payout ratio (DPR) is presently 36.36%.

In related news, Director Louis J. Grabowsky purchased 2,500 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $18.33 per share, with a total value of $45,825.00. Following the completion of the purchase, the director now owns 32,594 shares in the company, valued at approximately $597,448.02. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Louis J. Grabowsky purchased 11,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was bought at an average cost of $23.30 per share, with a total value of $256,300.00. The disclosure for this purchase can be found here. 26.40% of the stock is currently owned by insiders.

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Griffon Company Profile

Griffon Corporation is a management and holding company that conducts business through its subsidiaries. The Company operates through three segments: Home & Building Products (HBP), Telephonics Corporation (Telephonics) and Clopay Plastic Products Company, Inc (PPC). The HBP segment consists of two companies: The AMES Companies, Inc (AMES) and Clopay Building Products Company, Inc (CBP).

Institutional Ownership by Quarter for Griffon (NYSE:GFF)

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