Graham Holdings (NYSE:GHC) Shares Sold by First Trust Advisors LP

Posted by Defense World Staff on May 24th, 2023

First Trust Advisors LP lessened its stake in Graham Holdings (NYSE:GHC – Get Rating) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,447 shares of the company’s stock after selling 1,295 shares during the period. First Trust Advisors LP owned 0.45% of Graham worth $12,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GHC. Pathstone Family Office LLC lifted its position in Graham by 87.0% in the third quarter. Pathstone Family Office LLC now owns 11,154 shares of the company’s stock valued at $6,000,000 after purchasing an additional 5,190 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Graham in the 4th quarter worth approximately $13,104,000. Pacer Advisors Inc. purchased a new stake in Graham in the 4th quarter worth approximately $741,000. Beacon Investment Advisors LLC purchased a new stake in Graham in the 4th quarter worth approximately $1,814,000. Finally, TBH Global Asset Management LLC grew its stake in Graham by 3.9% in the 3rd quarter. TBH Global Asset Management LLC now owns 2,514 shares of the company’s stock worth $1,352,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 63.24% of the company’s stock.

Graham Price Performance

GHC opened at $583.57 on Wednesday. The company has a 50-day moving average of $581.68 and a 200-day moving average of $612.25. The company has a market capitalization of $2.77 billion, a P/E ratio of 117.42 and a beta of 1.03. Graham Holdings has a 1-year low of $525.58 and a 1-year high of $681.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.24 and a current ratio of 1.46.

Graham (NYSE:GHC – Get Rating) last released its earnings results on Friday, February 24th. The company reported $18.80 earnings per share for the quarter. Graham had a net margin of 0.59% and a return on equity of 3.64%. The company had revenue of $1.06 billion during the quarter.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 3rd. Investors of record on Wednesday, July 19th will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, July 18th. Graham’s dividend payout ratio is presently 132.80%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Graham in a research note on Thursday, May 18th. They issued a “buy” rating for the company.

Insider Activity at Graham

In other Graham news, Director Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $581.63 per share, with a total value of $58,163.00. Following the transaction, the director now directly owns 5,600 shares in the company, valued at $3,257,128. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 21.60% of the company’s stock.

Graham Company Profile

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Graham Holdings Co engages in the provision of education and media services. It operates through the following segments: Education, Television Broadcasting, Manufacturing, Healthcare, SocialCode, and Other Businesses. The Education segment includes professional training and postsecondary education businesses largely outside the U.S.