Graham (NYSE:GHC) Shares Gap Down - Here's What Happened

Graham Holdings (NYSE:GHC - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $973.17, but opened at $947.00. Graham shares last traded at $951.59, with a volume of 9,297 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Graham from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Graham Trading Up 1.2 %

The company's fifty day moving average is $941.83 and its 200-day moving average is $893.35. 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 company has a market capitalization of $4.22 billion, a PE ratio of 19.04 and a beta of 1.12.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.74%. Graham's dividend payout ratio is presently 4.37%.

Insider Buying and Selling at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the transaction, the chief accounting officer now directly owns 442 shares of the company's stock, valued at approximately $389,534.60. This represents a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.50% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock valued at $65,000 after purchasing an additional 67 shares during the last quarter. KBC Group NV boosted its stake in Graham by 36.5% in the 4th quarter. KBC Group NV now owns 142 shares of the company's stock worth $124,000 after purchasing an additional 38 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Graham by 44.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock worth $126,000 after purchasing an additional 44 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in Graham by 30.0% during the 4th quarter. Principal Securities Inc. now owns 182 shares of the company's stock valued at $159,000 after purchasing an additional 42 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

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.