Louisiana State Employees Retirement System Has $785,000 Stock Position in Graham Holdings (NYSE:GHC)

Louisiana State Employees Retirement System decreased its position in shares of Graham Holdings (NYSE:GHC) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 900 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Graham were worth $785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Longboard Asset Management LP acquired a new stake in Graham during the fourth quarter valued at $228,000. KBC Group NV lifted its position in shares of Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after buying an additional 38 shares during the last quarter. Insight Inv LLC lifted its position in shares of Graham by 3.6% in the fourth quarter. Insight Inv LLC now owns 2,724 shares of the company’s stock worth $2,375,000 after buying an additional 95 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Graham by 23.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 567 shares of the company’s stock worth $495,000 after buying an additional 106 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Graham by 188.2% in the fourth quarter. SG Americas Securities LLC now owns 588 shares of the company’s stock worth $513,000 after buying an additional 384 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Insider Buying and Selling

In related news, CAO Marcel A. Snyman sold 159 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the transaction, the chief accounting officer now owns 442 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 20.50% of the stock is owned by insiders.

Graham Price Performance

Shares of NYSE:GHC opened at $963.22 on Wednesday. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $974.00. 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 has a market capitalization of $4.17 billion, a P/E ratio of 18.86 and a beta of 1.13. The business has a 50-day moving average of $904.99 and a two-hundred day moving average of $851.20.

Graham Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, February 3rd will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Monday, February 3rd. This is a boost from Graham’s previous quarterly dividend of $1.72. Graham’s payout ratio is currently 14.10%.

Analysts Set New Price Targets

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

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.