860 Shares in Graham Holdings (NYSE:GHC) Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System bought a new position in Graham Holdings (NYSE:GHCGet Rating) during the second quarter, HoldingsChannel reports. The fund bought 860 shares of the company’s stock, valued at approximately $487,000.

A number of other institutional investors also recently bought and sold shares of GHC. Quent Capital LLC raised its holdings in Graham by 246.2% during the first quarter. Quent Capital LLC now owns 45 shares of the company’s stock valued at $28,000 after acquiring an additional 32 shares during the period. Trust Co. of Vermont bought a new stake in Graham during the second quarter valued at about $28,000. Nisa Investment Advisors LLC bought a new stake in Graham during the second quarter valued at about $34,000. Daiwa Securities Group Inc. raised its holdings in Graham by 29.7% during the first quarter. Daiwa Securities Group Inc. now owns 96 shares of the company’s stock valued at $59,000 after acquiring an additional 22 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Graham during the first quarter valued at about $78,000. 63.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GHC shares. TheStreet cut Graham from a “b” rating to a “c” rating in a report on Friday, August 5th. StockNews.com assumed coverage on Graham in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Graham Trading Up 1.7 %

Shares of Graham stock opened at $647.92 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 22.07 and a beta of 1.03. The business has a 50-day moving average price of $588.68 and a 200-day moving average price of $584.56. The company has a quick ratio of 1.25, a current ratio of 1.44 and a debt-to-equity ratio of 0.13. Graham Holdings has a twelve month low of $525.58 and a twelve month high of $675.00.

Graham Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Tuesday, October 18th were given a dividend of $1.58 per share. The ex-dividend date of this dividend was Monday, October 17th. This represents a $6.32 dividend on an annualized basis and a dividend yield of 0.98%. Graham’s payout ratio is 21.53%.

Insider Activity

In other news, Director Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was purchased at an average price of $556.15 per share, for a total transaction of $55,615.00. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at approximately $3,058,825. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 20.50% of the company’s stock.

Graham Company Profile

(Get Rating)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.

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Institutional Ownership by Quarter for Graham (NYSE:GHC)

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