Signaturefd LLC reduced its position in Graham Holdings (NYSE:GHC – Free Report) by 16.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194 shares of the company’s stock after selling 38 shares during the quarter. Signaturefd LLC’s holdings in Graham were worth $116,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Middle East FZE bought a new stake in shares of Graham in the 4th quarter valued at about $25,000. Ronald Blue Trust Inc. lifted its stake in shares of Graham by 240.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 68 shares of the company’s stock valued at $36,000 after acquiring an additional 48 shares during the last quarter. AXS Investments LLC bought a new stake in shares of Graham in the 4th quarter valued at about $72,000. Captrust Financial Advisors lifted its stake in shares of Graham by 119.0% in the 1st quarter. Captrust Financial Advisors now owns 138 shares of the company’s stock valued at $84,000 after acquiring an additional 75 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Graham by 88.3% in the 1st quarter. Covestor Ltd now owns 177 shares of the company’s stock valued at $108,000 after acquiring an additional 83 shares during the last quarter. 66.81% of the stock is currently owned by hedge funds and other institutional investors.
Graham Trading Up 1.7 %
GHC opened at $583.55 on Tuesday. The business has a 50 day simple moving average of $573.23 and a two-hundred day simple moving average of $596.86. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 117.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 1.24. Graham Holdings has a one year low of $525.58 and a one year high of $681.70.
Graham Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 19th will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, July 18th. Graham’s dividend payout ratio is currently 132.80%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GHC. StockNews.com lowered Graham from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet lowered Graham from a “b” rating to a “c+” rating in a research report on Friday, July 14th.
Insider Transactions at Graham
In other news, Director Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average price of $581.63 per share, with a total value of $58,163.00. Following the transaction, the director now owns 5,600 shares of the company’s stock, valued at $3,257,128. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.60% of the company’s stock.
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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