Baltimore-based Financial Consultant firm NSB Advisors disclosed its passive stake changes in Global Power Equipment Group Inc. (GLPW) and PMFG, Inc. (PMFG). According to the firm’s 13G filings on December 6 and 7, NSB Advisors now has 4.91 million shares or 30% passive stake in GLPW, and 14.18 million shares or 74.4% passive stake in PMFG. NSB Advisors’ GLPW position is increased by 10.6% since the end of September, when the firm reported 4.44 million shares in the stock. NSB Advisors boosted its PMFG position by 11.1% after the firm revealed 12.75 million shares in its third quarter’s 13F filing. Now GLPW and PMFG each is trading at $23.42 and $21.27, respectively.
Beside NSB Advisors, Chuck Royce’s Royce & Associates also had GLPW and PMFG in its portfolio. As reported in its third quarter 13F, Chuck Royce had 792 thousand shares in GLPW, and 459 thousand shares in PMFG.
Accord to Google Finance, Global Power Equipment Group Inc. is “a provider of power generation equipment and maintenance services for customers in the domestic and international energy, power infrastructure and service industries. The company operates in two segments: Products Division and Services Division. It provides routine and specialty maintenance services to nuclear, coal-fired, fossil, and hydroelectric power plants and other industrial operations. In September 2011, the Company sold its Deltak business to Hamon Corporation.”
PMFG, Inc. “is a holding company. The company, through its subsidiaries provides custom-engineered systems and products designed to help ensure that the delivery of energy is safe and clean. It serves the markets for power generation, natural gas infrastructure and refining and petrochemical processing. PMFG offers a range of separation and filtration products, selective catalytic reduction, turbine emission exhaust and silencing systems and other complementary products, including heat exchangers, pulsation dampeners and silencers. The company operates in two segments: Process Products and Environmental Systems. In November 2011, the Company announced that its wholly owned subsidiary, Peerless Europe Limited (PEL) has acquired Burgess-Manning GmbH.”