A Director at Griffon Corp (NYSE: GFF) is Buying Shares

By Carrie Williams

Today, a Director at Griffon Corp (NYSE: GFF), Henry Alpert, bought shares of GFF for $90.45K.

This recent transaction increases Henry Alpert’s holding in the company by 8.37% to a total of $1.18 million.

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Based on Griffon Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $517 million and quarterly net profit of $5.83 million. In comparison, last year the company earned revenue of $473 million and had a net profit of $9.55 million. GFF’s market cap is $847M and the company has a P/E ratio of 27.66. Currently, Griffon Corp has an average volume of 161K.

The insider sentiment on Griffon Corp has been negative according to 22 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Henry Alpert’s trades have generated a -3.2% 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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Griffon Corp. is a management and holding company, which engages in the provision of direction and assistance to its subsidiaries. It operates through the Home and Building Products and Telephonics Corporation segments.