Spark Investment Management Has Boosted By $820,000 Its Griffon (GFF) Position; Last Week BRP Inc. (TSE:DOO) Coverage

May 16, 2018 - By Hilary Hom

BRP Inc. (TSE:DOO) Logo

Spark Investment Management Llc increased Griffon Corp (GFF) stake by 81.51% reported in 2017Q4 SEC filing. Spark Investment Management Llc acquired 41,000 shares as Griffon Corp (GFF)’s stock declined 6.14%. The Spark Investment Management Llc holds 91,300 shares with $1.86M value, up from 50,300 last quarter. Griffon Corp now has $959.48 million valuation. The stock increased 1.81% or $0.4 during the last trading session, reaching $22.55. About 65,269 shares traded. Griffon Corporation (NYSE:GFF) has declined 20.25% since May 16, 2017 and is downtrending. It has underperformed by 31.80% the S&P500.

Among 6 analysts covering BRP Inc (TSE:DOO), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BRP Inc had 21 analyst reports since September 4, 2015 according to SRatingsIntel. The stock of BRP Inc. (TSE:DOO) has “Outperform” rating given on Monday, August 21 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, December 2 with “Outperform”. As per Thursday, August 18, the company rating was maintained by Scotia Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, December 14. The firm has “Buy” rating by UBS given on Friday, September 22. The firm earned “Outperform” rating on Thursday, December 3 by RBC Capital Markets. The stock of BRP Inc. (TSE:DOO) earned “Outperform” rating by RBC Capital Markets on Friday, June 3. The firm has “Outperform” rating given on Friday, June 10 by Scotia Capital. See BRP Inc. (TSE:DOO) latest ratings:

11/12/2017 Broker: Citigroup Rating: Old Target: $46.00 New Target: $58.00 Target Up

BRP Inc., together with its subsidiaries, designs, develops, makes, distributes, and markets powersports vehicles and propulsion systems worldwide. The company has market cap of $5.22 billion. The firm offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts. It has a 20.43 P/E ratio. It sells its products through a network of independent dealers and distributors, as well as to original equipment manufacturers under the Can-Am, Ski-Doo, Lynx, Sea-Doo, Evinrude, and Rotax brand names.

The stock increased 1.78% or $0.91 during the last trading session, reaching $51.9. About 193,796 shares traded. BRP Inc. (TSE:DOO) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

More recent Griffon Corporation (NYSE:GFF) news were published by: Seekingalpha.com which released: “Griffon’s subsidiary to acquire CornellCookson” on May 04, 2018. Also Seekingalpha.com published the news titled: “Griffon’s (GFF) CEO Ron Kramer on Q2 2018 Results – Earnings Call Transcript” on May 04, 2018. Businesswire.com‘s news article titled: “Griffon Corporation Schedules Conference Call To Discuss Second Quarter 2018 Financial Results” with publication date: April 26, 2018 was also an interesting one.

Spark Investment Management Llc decreased Newmarket Corp (NYSE:NEU) stake by 3,100 shares to 5,300 valued at $2.11 million in 2017Q4. It also reduced Everi Hldgs Inc stake by 129,200 shares and now owns 959,600 shares. Francescas Hldgs Corp (NASDAQ:FRAN) was reduced too.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.18, from 0.98 in 2017Q3. It is positive, as 9 investors sold GFF shares while 36 reduced holdings. 17 funds opened positions while 35 raised stakes. 32.04 million shares or 0.75% more from 31.80 million shares in 2017Q3 were reported. Teacher Retirement Systems Of Texas accumulated 10,440 shares or 0% of the stock. 2,639 are owned by Ameritas Investment Prtn. Franklin Resource owns 52,869 shares for 0% of their portfolio. Deutsche Comml Bank Ag holds 0% in Griffon Corporation (NYSE:GFF) or 185,682 shares. Bnp Paribas Arbitrage holds 12,407 shares. Parallax Volatility Advisers LP reported 4,494 shares. 257,870 are held by Geode Management Limited Liability Co. 3.77M are owned by Blackrock. Manufacturers Life Insurance The has 0% invested in Griffon Corporation (NYSE:GFF). Millennium Mngmt Ltd Limited Liability Company holds 247,110 shares. 8,941 were accumulated by Citigroup. Aperio Ltd Liability Corporation has 0% invested in Griffon Corporation (NYSE:GFF). Vanguard invested in 3.29 million shares or 0% of the stock. Texas Permanent School Fund owns 0.01% invested in Griffon Corporation (NYSE:GFF) for 20,428 shares. Bridgeway Cap Inc owns 224,950 shares or 0.05% of their US portfolio.

Since February 2, 2018, it had 1 buy, and 0 selling transactions for $45,825 activity. Grabowsky Louis J. bought $45,825 worth of stock.

Griffon Corporation (NYSE:GFF) Institutional Positions Chart

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