Griffon Corp Has Bullish Trade, Mario Gabelli’s Gamco Investors, Inc Et Al Bought Stake!

June 18, 2018 - By Marie Mckinney

Griffon Corporation (NYSE:GFF) LogoInvestors sentiment decreased to 0.71 in 2018 Q1. Its down 0.45, from 1.16 in 2017Q4. It dived, as 11 investors sold Griffon Corporation shares while 44 reduced holdings. 10 funds opened positions while 29 raised stakes. 31.36 million shares or 2.12% less from 32.04 million shares in 2017Q4 were reported.

Dimensional Fund Advsr L P owns 0.03% invested in Griffon Corporation (NYSE:GFF) for 3.90M shares. Bancshares Of Montreal Can has 756 shares. Deutsche Bancorp Ag owns 117,490 shares. Louisiana State Employees Retirement System owns 0.01% invested in Griffon Corporation (NYSE:GFF) for 13,500 shares. Gemmer Asset Lc stated it has 144 shares or 0% of all its holdings. Indexiq Advsrs Ltd Liability reported 0.06% in Griffon Corporation (NYSE:GFF). State Board Of Administration Of Florida Retirement Systems reported 0% stake. Swiss Commercial Bank holds 53,500 shares. Principal Financial Grp Inc Inc Inc stated it has 232,851 shares or 0% of all its holdings. Gamco Invsts Et Al has invested 0.68% in Griffon Corporation (NYSE:GFF). Comerica Bank & Trust invested in 31,697 shares. Vanguard Inc stated it has 0% of its portfolio in Griffon Corporation (NYSE:GFF). Teton Advsr holds 426,579 shares. State Of Tennessee Treasury Department has invested 0% in Griffon Corporation (NYSE:GFF). Texas Permanent School Fund holds 0% of its portfolio in Griffon Corporation (NYSE:GFF) for 20,111 shares.

Since February 2, 2018, it had 1 insider purchase, and 0 sales for $45,825 activity.

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Griffon Corp

Gamco Investors, Inc Et Al reported SC 13D/A form with the SEC for Griffon Corp. Access it here: 000080724918000121. As reported by Mario Gabelli’s Gamco Investors, Inc Et Al, the filler owns 12.31% or 5,615,348 shares of the Industrials–company.

Griffon Corp stake is new for [reportingPerson]. Date of activity: June 15, 2018. This shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for Griffon Corp.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s portfolio is in the sector.

Griffon Corp Institutional Sentiment

Filings show 98 investors own Griffon Corp. The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 248483. 31802363 were owned by these investors. 15 funds opened new Griffon Corp stakes, 30 increased positions. There were 12 that closed positions and 34 reduced them.

Petrus Trust Company Lta is an investor bullish on Griffon Corp, owning 10289 shares as of Q3 2017 for 0.05% of its portfolio. Ironwood Investment Management Llc owns 38285 shares or 0.60% of its portfolio. NY Gamco Investors Inc Et Al have 0.79% of its portfolio for 5748352 shares. Further, Norman Fields Gottscho Capital Management Llc reported stake worth 0.74% of its portfolio. The NY Teton Advisors Inc owns 422703 shares. Griffon Corp is 0.87% of its portfolio.

SEC Form 13D.

The stock increased 3.34% or $0.6 during the last trading session, reaching $18.55. About 630,652 shares traded or 245.10% up from the average. Griffon Corporation (NYSE:GFF) has risen 9.34% since June 18, 2017 and is uptrending. It has underperformed by 3.23% the S&P500.

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. The company has market cap of $786.84 million. The Company’s Home & Building Products segment makes and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains. It has a 6.73 P/E ratio. The company's Telephonics segment designs, develops, makes, and provides logistical support and lifecycle sustainment services; and intelligence, surveillance, and communications solutions to defense, aerospace, and commercial customers.

More notable recent Griffon Corporation (NYSE:GFF) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Enzo Biochem Falls After Q3 Results; Galmed Pharmaceuticals Shares Surge” on June 12, 2018, also Streetinsider.com with their article: “Griffon Corp (GFF) Announces Proposed 5.58M Share Offering of Common Stock” published on June 11, 2018, Prnewswire.com published: “Telephonics Awarded Radar Contract for United States Coast Guard’s HC-27J Program” on June 14, 2018. More interesting news about Griffon Corporation (NYSE:GFF) were released by: Schaeffersresearch.com and their article: “Sears Stock Soaring on Another Amazon Expansion” published on June 12, 2018 as well as Businesswire.com‘s news article titled: “Griffon Corporation Announces Pricing of Secondary Offering of Common Stock” with publication date: June 14, 2018.

Griffon Corporation (NYSE:GFF) Institutional Positions Chart

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