Intech Investment Management LLC purchased a new position in Graham Holdings (NYSE:GHC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 551 shares of the company's stock, valued at approximately $453,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in Graham during the second quarter valued at $35,000. Whittier Trust Co. purchased a new stake in shares of Graham in the second quarter worth approximately $70,000. Headlands Technologies LLC acquired a new stake in shares of Graham during the second quarter worth approximately $76,000. KBC Group NV grew its position in Graham by 60.0% during the third quarter. KBC Group NV now owns 104 shares of the company's stock valued at $85,000 after purchasing an additional 39 shares in the last quarter. Finally, Covestor Ltd increased its stake in Graham by 8.4% in the 3rd quarter. Covestor Ltd now owns 155 shares of the company's stock valued at $128,000 after buying an additional 12 shares during the period. Institutional investors and hedge funds own 62.54% of the company's stock.
Graham Stock Down 0.9 %
Shares of GHC traded down $8.56 during mid-day trading on Tuesday, hitting $946.46. 9,123 shares of the company's stock were exchanged, compared to its average volume of 15,040. Graham Holdings has a twelve month low of $628.50 and a twelve month high of $972.13. The firm has a fifty day moving average of $857.46 and a two-hundred day moving average of $784.50. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 18.53 and a beta of 1.13.
Graham Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Thursday, October 17th were given a dividend of $1.72 per share. The ex-dividend date was Thursday, October 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.73%. Graham's payout ratio is currently 13.47%.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Graham from a "hold" rating to a "buy" rating in a research note on Monday, November 4th.
Get Our Latest Stock Analysis on GHC
Graham Profile
(
Free Report)
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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