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Paradice Makes Flowserve its 5th-Largest Position, Buys Another $11.5 Million in Stock
Yahoo Finance· 2026-01-29 01:18
Company Overview - Flowserve is a leading provider of flow management solutions with a global footprint and a diversified customer base [7] - The company generates revenue from the sale of engineered products and aftermarket services, serving critical infrastructure sectors such as oil and gas, chemical and pharmaceuticals, power generation, water management, and general industrial markets [9] - Key financial metrics include revenue of $4.69 billion, net income of $452.78 million, and a dividend yield of 1.09% [5] Recent Developments - On January 28, 2026, Paradice Investment Management LLC disclosed a purchase of 178,356 shares of Flowserve, valued at an estimated $11.46 million based on quarterly average pricing [1][2] - This purchase increased Flowserve's stake to 6.98% of Paradice's reportable 13F assets under management [3] - The fund's quarter-end position in Flowserve rose in value by $17.87 million, reflecting both trading activity and stock price changes [2] Stock Performance - As of January 28, 2026, Flowserve shares were priced at $76.90, representing a 28.49% increase over the past year, outperforming the S&P 500 by 12 percentage points [4] - Paradice originally purchased Flowserve stock at $53 per share in Q3 and increased its position at $69 in Q4, indicating strong confidence in the stock's potential [10]