Brandes Investment Partners Maintains Significant Stake in Graham Corp
Ticker: GHM · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 716314
| Field | Detail |
|---|---|
| Company | Graham CORP (GHM) |
| Form Type | SC 13G |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, SC-13G
TL;DR
**Brandes Investment Partners is still a big owner of Graham Corp, signaling they like the stock.**
AI Summary
Brandes Investment Partners, L.P., a prominent investment firm, filed an Amendment No. 3 to its Schedule 13G for Graham Corporation (NYSE: GHM) on January 10, 2024, indicating its continued passive ownership. This filing, triggered by the reporting period ending December 31, 2023, confirms Brandes' position as a significant shareholder. This matters to investors because Brandes Investment Partners is a well-known value investor, and their sustained stake suggests a continued belief in Graham Corporation's long-term value, potentially signaling stability or undervaluation to other shareholders.
Why It Matters
A major institutional investor like Brandes Investment Partners maintaining its position can be seen as a vote of confidence in Graham Corporation's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a passive investment, suggesting no immediate intent to influence company control, which generally poses low risk.
Analyst Insight
Investors should note that a respected institutional investor like Brandes Investment Partners continues to hold a significant, passive stake in Graham Corporation, which could be interpreted as a positive signal regarding the company's long-term value, but does not indicate any immediate catalysts or changes in company direction.
Key Numbers
- 384556106 — CUSIP Number (identifies Graham Corporation's common shares)
- 0000716314 — Central Index Key (CIK) (identifies Graham Corporation)
- 0001015079 — Central Index Key (CIK) (identifies Brandes Investment Partners, LP)
- 33-0704072 — IRS Identification Number (identifies Brandes Investment Partners, L.P.)
Key Players & Entities
- Brandes Investment Partners, L.P. (company) — reporting person and investment firm
- Graham Corporation (company) — issuer of the securities
- BRANDES WORLDWIDE HOLDINGS, L.P. (company) — group member
- CO-GP, LLC (company) — group member
- GLENN CARLSON (person) — group member
- 06 Technology (company) — subject company organization name
Forward-Looking Statements
- Brandes Investment Partners will maintain a significant, passive stake in Graham Corporation for the foreseeable future. (Brandes Investment Partners, L.P.) — high confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by passive investors who own more than 5% but less than 20% of a company's stock, indicating they do not intend to influence or change control of the company. This specific filing is an Amendment No. 3, meaning Brandes Investment Partners, L.P. has previously filed on Graham Corporation.
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is Brandes Investment Partners, L.P., with an IRS Identification Number of 33-0704072.
What is the subject company of this filing?
The subject company is Graham Corporation, identified by the CUSIP Number 384556106 and Central Index Key (CIK) 0000716314.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the end of the reporting period that triggered this filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors who acquire beneficial ownership of more than 5% of a class of equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 by GLENN CARLSON regarding GRAHAM CORP (GHM).