State Board of Administration of Florida Retirement System bought a new position in Graham Holdings (NYSE:GHC – Get 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 %
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%.
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
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.
- Get a free copy of the StockNews.com research report on Graham (GHC)
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