Cetera Investment Advisers lifted its stake in Graham Holdings (NYSE:GHC – Free Report) by 35.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,351 shares of the company’s stock after purchasing an additional 1,134 shares during the period. Cetera Investment Advisers owned approximately 0.09% of Graham worth $2,487,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Greenleaf Trust lifted its stake in shares of Graham by 2.9% in the first quarter. Greenleaf Trust now owns 640 shares of the company’s stock valued at $381,000 after purchasing an additional 18 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Graham by 6.5% in the third quarter. Tower Research Capital LLC TRC now owns 293 shares of the company’s stock valued at $157,000 after purchasing an additional 18 shares during the period. Federated Hermes Inc. lifted its stake in shares of Graham by 5.6% in the first quarter. Federated Hermes Inc. now owns 360 shares of the company’s stock valued at $220,000 after purchasing an additional 19 shares during the period. FMR LLC raised its position in Graham by 2.1% during the first quarter. FMR LLC now owns 1,002 shares of the company’s stock worth $597,000 after acquiring an additional 21 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Graham by 8.4% during the first quarter. Tower Research Capital LLC TRC now owns 296 shares of the company’s stock worth $176,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 61.99% of the company’s stock.
In other news, Director Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $607.24 per share, with a total value of $60,724.00. Following the completion of the transaction, the director now directly owns 600 shares in the company, valued at approximately $364,344. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 20.50% of the company’s stock.
Analyst Ratings Changes
Graham Stock Performance
Shares of GHC opened at $624.40 on Tuesday. The company has a 50-day moving average of $593.07 and a two-hundred day moving average of $582.90. The company has a current ratio of 1.56, a quick ratio of 1.32 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.83 billion, a P/E ratio of 18.90 and a beta of 1.05. Graham Holdings has a 12-month low of $545.00 and a 12-month high of $681.70.
Graham Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Wednesday, October 18th were given a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Tuesday, October 17th. Graham’s dividend payout ratio is presently 19.98%.
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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