Envestnet Asset Management Inc. Boosts Stock Position in Graham Holdings (NYSE:GHC)

Envestnet Asset Management Inc. boosted its holdings in shares of Graham Holdings (NYSE:GHCGet Rating) by 25.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,135 shares of the company’s stock after purchasing an additional 633 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Graham were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GHC. Daiwa Securities Group Inc. increased its holdings in Graham by 29.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 96 shares of the company’s stock worth $59,000 after purchasing an additional 22 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Graham by 96.8% in the 1st quarter. SG Americas Securities LLC now owns 685 shares of the company’s stock worth $419,000 after acquiring an additional 337 shares in the last quarter. Signaturefd LLC grew its position in shares of Graham by 10.2% in the 1st quarter. Signaturefd LLC now owns 184 shares of the company’s stock worth $113,000 after acquiring an additional 17 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Graham by 1.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 3,639 shares of the company’s stock worth $2,225,000 after acquiring an additional 68 shares in the last quarter. Finally, Versor Investments LP grew its position in shares of Graham by 13.1% in the 1st quarter. Versor Investments LP now owns 857 shares of the company’s stock worth $524,000 after acquiring an additional 99 shares in the last quarter. 63.26% of the stock is currently owned by hedge funds and other institutional investors.

Graham Trading Up 1.7 %

NYSE:GHC opened at $647.92 on Friday. Graham Holdings has a 12-month low of $525.58 and a 12-month high of $675.00. The firm has a market capitalization of $3.11 billion, a P/E ratio of 22.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.44 and a quick ratio of 1.25. The business has a 50 day simple moving average of $588.68 and a 200 day simple moving average of $584.56.

Graham Dividend Announcement

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

Insider Activity at Graham

In other Graham news, Director Thomas Sinnickson Gayner purchased 100 shares of Graham stock in a transaction on Friday, September 16th. The stock was bought at an average price of $556.15 per share, for a total transaction of $55,615.00. Following the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $3,058,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 20.50% of the company’s stock.

Analysts Set New Price Targets

GHC has been the subject of several research reports. StockNews.com initiated coverage on Graham in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet lowered Graham from a “b” rating to a “c” rating in a research report on Friday, August 5th.

About Graham

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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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