Today, the VP, Treasurer, Asst. Secretary of Gorman-Rupp Company (NYSE: GRC), Ronald Pittenger, sold shares of GRC for $184.5K.
Following Ronald Pittenger’s last GRC Sell transaction on February 27, 2018, the stock climbed by 9.5%. This is Pittenger’s first Sell trade following 7 Buy transactions.
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Based on Gorman-Rupp Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $112 million and quarterly net profit of $10.17 million. In comparison, last year the company earned revenue of $97.87 million and had a net profit of $7.85 million. GRC’s market cap is $969.4M and the company has a P/E ratio of 28.92. Currently, Gorman-Rupp Company has an average volume of 6,610.
In the last 30 days, insiders have sold $184.5K worth of GRC shares and purchased $3,019 worth of GRC shares. The insider sentiment on Gorman-Rupp Company has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Ronald Pittenger’s trades have generated a 13.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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The Gorman-Rupp Co. engages in the design, manufacture, and global marketing of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating, and air conditioning, military and other liquid-handling applications.
