Graham Holdings (NYSE:GHC – Get Free Report) declared a quarterly dividend on Thursday, May 4th, Wall Street Journal reports. Stockholders of record on Wednesday, July 19th will be given a dividend of 1.65 per share on Thursday, August 3rd. This represents a $6.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, July 18th.
Graham has increased its dividend by an average of 4.4% per year over the last three years and has raised its dividend every year for the last 8 years. Graham has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings.
Graham Price Performance
GHC stock opened at $560.34 on Monday. Graham has a one year low of $525.58 and a one year high of $681.70. The company’s fifty day moving average price is $573.78 and its 200-day moving average price is $598.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.24 and a current ratio of 1.46. The company has a market capitalization of $2.66 billion, a PE ratio of 112.74 and a beta of 1.02.
Insider Activity at Graham
In other Graham news, Director Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average price of $581.63 per share, with a total value of $58,163.00. Following the completion of the purchase, the director now directly owns 5,600 shares in the company, valued at $3,257,128. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its position in Graham by 230.6% during the third quarter. Captrust Financial Advisors now owns 562 shares of the company’s stock valued at $302,000 after acquiring an additional 392 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Graham during the fourth quarter valued at $262,000. LPL Financial LLC increased its position in Graham by 10.3% during the second quarter. LPL Financial LLC now owns 441 shares of the company’s stock valued at $250,000 after acquiring an additional 41 shares during the last quarter. Squarepoint Ops LLC bought a new position in Graham during the fourth quarter valued at $242,000. Finally, Two Sigma Securities LLC bought a new position in Graham during the first quarter valued at $238,000. Institutional investors own 66.81% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th.
About Graham
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.
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