Assenagon Asset Management S.A. Makes New Investment in Graham Holdings (NYSE:GHC)

Assenagon Asset Management S.A. bought a new stake in shares of Graham Holdings (NYSE:GHC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 590 shares of the company’s stock, valued at approximately $514,000.

Other large investors also recently modified their holdings of the company. Millennium Management LLC purchased a new position in shares of Graham in the second quarter worth about $2,743,000. FMR LLC grew its stake in Graham by 358.3% in the 3rd quarter. FMR LLC now owns 4,766 shares of the company’s stock valued at $3,916,000 after buying an additional 3,726 shares in the last quarter. Barclays PLC raised its holdings in Graham by 32.4% during the 3rd quarter. Barclays PLC now owns 13,601 shares of the company’s stock valued at $11,176,000 after acquiring an additional 3,327 shares during the period. Autumn Glory Partners LLC boosted its holdings in shares of Graham by 100.0% in the third quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company’s stock worth $3,568,000 after acquiring an additional 2,171 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Graham by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock valued at $17,361,000 after purchasing an additional 1,941 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $881.30, for a total transaction of $140,126.70. Following the completion of the sale, the chief accounting officer now directly owns 442 shares in the company, valued at $389,534.60. This represents a 26.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 20.50% of the stock is currently owned by corporate insiders.

Graham Trading Down 0.0 %

Shares of GHC stock opened at $907.22 on Friday. Graham Holdings has a 52-week low of $683.00 and a 52-week high of $974.00. The business’s fifty day moving average is $904.90 and its 200 day moving average is $832.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The company has a market capitalization of $3.93 billion, a PE ratio of 17.76 and a beta of 1.14.

Graham (NYSE:GHC) last announced its earnings results on Wednesday, October 30th. The company reported $17.25 earnings per share (EPS) for the quarter. The company had revenue of $1.21 billion during the quarter. Graham had a net margin of 4.86% and a return on equity of 5.79%.

Graham Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be issued a $1.80 dividend. The ex-dividend date is Monday, February 3rd. This represents a $7.20 annualized dividend and a dividend yield of 0.79%. This is an increase from Graham’s previous quarterly dividend of $1.72. Graham’s payout ratio is currently 13.47%.

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.