Nationwide Fund Advisors cut its holdings in shares of Griffon Corporation (NYSE:GFF) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,958 shares of the conglomerate’s stock after selling 775 shares during the period. Nationwide Fund Advisors owned approximately 0.06% of Griffon Corporation worth $592,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Griffon Corporation 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 buying an additional 299 shares during the period. Swiss National Bank boosted its position in shares of Griffon Corporation 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 buying an additional 3,500 shares during the period. Royce & Associates LP boosted its position in shares of Griffon Corporation by 39.6% during the second quarter. Royce & Associates LP now owns 618,916 shares of the conglomerate’s stock worth $13,585,000 after buying an additional 175,600 shares during the period. Victory Capital Management Inc. boosted its position in shares of Griffon Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,109 shares of the conglomerate’s stock worth $156,000 after buying an additional 1,066 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Griffon Corporation by 75.4% during the second quarter. BNP Paribas Arbitrage SA now owns 13,197 shares of the conglomerate’s stock worth $290,000 after buying an additional 5,673 shares during the period. Institutional investors and hedge funds own 68.38% of the company’s stock.
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Griffon Corporation (NYSE:GFF) last posted its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.08). Griffon Corporation had a return on equity of 8.46% and a net margin of 1.79%. The business had revenue of $473.32 million during the quarter.
Separately, BidaskClub downgraded Griffon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th.
Griffon Corporation 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).
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