Graham (NYSE:GHC) Reaches New 52-Week High - Here's What Happened

Shares of Graham Holdings (NYSE:GHC - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $988.26 and last traded at $949.03, with a volume of 12317 shares trading hands. The stock had previously closed at $911.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Graham from a "hold" rating to a "buy" rating in a report on Monday, November 4th.

Graham Price Performance

The firm has a market cap of $4.25 billion, a P/E ratio of 19.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock's 50-day simple moving average is $912.12 and its two-hundred day simple moving average is $862.51.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 annualized dividend and a yield of 0.73%. Graham's payout ratio is 14.10%.

Insiders Place Their Bets

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the sale, the chief accounting officer now directly owns 442 shares in the company, valued at approximately $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.50% of the stock is owned by insiders.

Remove Ads

Hedge Funds Weigh In On Graham

Several hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. boosted its stake in shares of Graham by 13.9% during the third quarter. QRG Capital Management Inc. now owns 698 shares of the company's stock valued at $574,000 after purchasing an additional 85 shares during the period. Covestor Ltd lifted its holdings in Graham by 8.4% during the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock valued at $128,000 after buying an additional 12 shares in the last quarter. KBC Group NV boosted its position in Graham by 60.0% in the 3rd quarter. KBC Group NV now owns 104 shares of the company's stock valued at $85,000 after buying an additional 39 shares during the period. Quest Partners LLC grew its stake in Graham by 25,420.0% in the 3rd quarter. Quest Partners LLC now owns 1,276 shares of the company's stock worth $1,049,000 after acquiring an additional 1,271 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Graham during the third quarter worth approximately $453,000. Institutional investors own 93.16% 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.