New York State Teachers Retirement System grew its stake in shares of Graham Holdings (NYSE:GHC – Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,805 shares of the company’s stock after purchasing an additional 218 shares during the period. New York State Teachers Retirement System owned about 0.11% of Graham worth $4,190,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GHC. Longboard Asset Management LP purchased a new stake in shares of Graham during the 4th quarter worth about $228,000. KBC Group NV grew its holdings in shares of Graham by 36.5% during the 4th quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after purchasing an additional 38 shares in the last quarter. Insight Inv LLC lifted its position in shares of Graham by 3.6% during the 4th 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 period. Janney Montgomery Scott LLC lifted its position in shares of Graham by 23.0% during the 4th 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 period. Finally, SG Americas Securities LLC lifted its position in shares of Graham by 188.2% during the 4th 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 period. 93.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.
Insider Buying and Selling at Graham
In other 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 value of $140,126.70. Following the sale, the chief accounting officer now directly owns 442 shares in the company, valued at $389,534.60. The trade was a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 20.50% of the company’s stock.
Graham Stock Down 1.5 %
Shares of Graham stock opened at $952.56 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. Graham Holdings has a 12 month low of $683.00 and a 12 month high of $974.00. The business has a fifty day simple moving average of $906.17 and a 200 day simple moving average of $854.33. The stock has a market cap of $4.12 billion, a PE ratio of 18.65 and a beta of 1.13.
Graham Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 3rd were paid a dividend of $1.80 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Graham’s previous quarterly dividend of $1.72. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.76%. Graham’s payout ratio is 14.10%.
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.
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