Graham Holdings (NYSE:GHC) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in shares of Graham Holdings (NYSE:GHC) by 1.6% in the first quarter, Holdings Channel.com reports. The firm owned 9,500 shares of the company’s stock after acquiring an additional 150 shares during the period. Gabelli Funds LLC’s holdings in Graham were worth $7,293,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in Graham during the 4th quarter worth $73,000. Principal Securities Inc. acquired a new position in Graham during the 4th quarter worth $77,000. Signaturefd LLC grew its holdings in Graham by 26.2% during the 4th quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 54 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in Graham by 10.9% during the 4th quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock worth $199,000 after acquiring an additional 28 shares in the last quarter. Finally, First United Bank & Trust acquired a new position in Graham during the 4th quarter worth $224,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th.

Insider Activity at Graham

In other news, Director Anne M. Mulcahy acquired 135 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were purchased at an average cost of $745.07 per share, for a total transaction of $100,584.45. Following the transaction, the director now directly owns 662 shares in the company, valued at approximately $493,236.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.50% of the stock is currently owned by insiders.

Graham Stock Performance

Shares of Graham stock traded up $7.58 during trading hours on Friday, reaching $818.68. The company’s stock had a trading volume of 10,850 shares, compared to its average volume of 16,985. The company’s 50 day simple moving average is $732.23 and its 200 day simple moving average is $728.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.57. Graham Holdings has a one year low of $563.39 and a one year high of $822.18. The stock has a market cap of $3.63 billion, a P/E ratio of 13.57 and a beta of 1.12.

Graham (NYSE:GHC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share (EPS) for the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%. The company had revenue of $1.15 billion for the quarter.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, July 18th will be given a $1.72 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $6.88 annualized dividend and a yield of 0.84%. Graham’s dividend payout ratio is presently 11.41%.

Graham 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.