Graham Holdings (NYSE:GHC - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 28,794 shares traded hands during mid-day trading, an increase of 78% from the previous session's volume of 16,171 shares.The stock last traded at $974.66 and had previously closed at $960.86.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Graham from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 29th.
Get Our Latest Stock Analysis on Graham
Graham Stock Performance
The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.16 and a beta of 0.92. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $946.12 and a two-hundred day simple moving average of $898.39.
Graham Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, April 17th. Graham's dividend payout ratio is 4.37%.
Hedge Funds Weigh In On Graham
Several hedge funds have recently bought and sold shares of GHC. Forum Financial Management LP acquired a new stake in Graham in the 4th quarter worth approximately $1,517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Graham by 22.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,551 shares of the company's stock worth $5,712,000 after buying an additional 1,199 shares during the period. ProShare Advisors LLC grew its stake in Graham by 38.5% in the 4th quarter. ProShare Advisors LLC now owns 1,058 shares of the company's stock valued at $922,000 after buying an additional 294 shares during the last quarter. Nomura Holdings Inc. bought a new position in Graham in the 4th quarter worth $389,000. Finally, Millennium Management LLC lifted its position in Graham by 16.8% during the 4th quarter. Millennium Management LLC now owns 5,891 shares of the company's stock worth $5,136,000 after acquiring an additional 847 shares during the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.
About Graham
(
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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.
Further Reading
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