974 Shares in Graham Holdings (NYSE:GHC) Purchased by Summit Global Investments

Summit Global Investments purchased a new stake in Graham Holdings (NYSE:GHC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 974 shares of the company's stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Graham by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company's stock worth $17,361,000 after acquiring an additional 1,941 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Graham by 8.6% during the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company's stock worth $8,344,000 after buying an additional 819 shares during the period. Miracle Mile Advisors LLC purchased a new position in shares of Graham during the fourth quarter worth about $437,000. Y Intercept Hong Kong Ltd acquired a new position in Graham in the 4th quarter valued at about $635,000. Finally, Daiwa Securities Group Inc. raised its stake in Graham by 558.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company's stock valued at $65,000 after acquiring an additional 67 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company's stock.

Insider Transactions at Graham

In other Graham news, CAO Marcel A. Snyman sold 159 shares of the business's stock in a transaction that occurred 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 owns 442 shares in the company, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 20.50% of the company's stock.

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Graham Stock Performance

Shares of NYSE:GHC traded down $0.78 during trading on Thursday, reaching $971.97. The company had a trading volume of 12,538 shares, compared to its average volume of 15,693. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $993.49. 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 fifty day moving average price is $938.24 and its 200 day moving average price is $887.62. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.03 and a beta of 1.12.

Graham Announces Dividend

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

About Graham

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.