Graham (NYSE:GHC) Hits New 12-Month High - Here's Why

Graham Holdings (NYSE:GHC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $855.60 and last traded at $855.60, with a volume of 3545 shares traded. The stock had previously closed at $844.26.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Graham from a "hold" rating to a "buy" rating in a research note on Monday.

Graham Trading Up 1.9 %

The firm's 50-day moving average price is $793.28 and its 200-day moving average price is $756.58. The company has a market cap of $3.78 billion, a P/E ratio of 16.53 and a beta of 1.11. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

Graham Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 17th will be issued a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, October 17th. Graham's dividend payout ratio is presently 13.47%.

Institutional Trading of Graham

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of Graham by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 1,824 shares of the company's stock valued at $1,400,000 after buying an additional 746 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Graham during the 1st quarter valued at approximately $5,256,000. Vanguard Group Inc. lifted its holdings in shares of Graham by 5.9% in the first quarter. Vanguard Group Inc. now owns 371,235 shares of the company's stock worth $284,990,000 after buying an additional 20,629 shares in the last quarter. Tidal Investments LLC purchased a new position in Graham during the first quarter valued at $857,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Graham by 31.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company's stock worth $21,219,000 after purchasing an additional 7,179 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company's stock.

Graham Company Profile

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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