Graham Holdings (NYSE:GHC) Holdings Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in shares of Graham Holdings (NYSE:GHC) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,556 shares of the company’s stock after selling 15 shares during the quarter. State of Alaska Department of Revenue owned about 0.36% of Graham worth $13,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Longboard Asset Management LP acquired a new stake in Graham in the fourth quarter worth $228,000. KBC Group NV lifted its position in Graham by 36.5% in the 4th quarter. KBC Group NV now owns 142 shares of the company’s stock valued at $124,000 after purchasing an additional 38 shares during the last quarter. Insight Inv LLC grew its position in Graham by 3.6% in the 4th quarter. Insight Inv LLC now owns 2,724 shares of the company’s stock worth $2,375,000 after purchasing an additional 95 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Graham by 23.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 567 shares of the company’s stock valued at $495,000 after buying an additional 106 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Graham by 188.2% during 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 period. Institutional investors own 93.16% of the company’s stock.

Graham Stock Up 0.6 %

Shares of GHC stock opened at $943.94 on Thursday. 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 stock has a market cap of $4.09 billion, a PE ratio of 18.48 and a beta of 1.13. The business’s fifty day moving average is $904.38 and its 200-day moving average is $841.99. Graham Holdings has a 1 year low of $683.00 and a 1 year high of $974.00.

Graham Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd will be given a $1.80 dividend. This is a positive change from Graham’s previous quarterly dividend of $1.72. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $7.20 annualized dividend and a yield of 0.76%. Graham’s payout ratio is 13.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Graham

In related news, CAO Marcel A. Snyman sold 159 shares of Graham 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 transaction, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. This trade represents a 26.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.30% of the stock is owned by corporate insiders.

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.