IVY Lane Capital Management LLC purchased a new position in Graham Holdings (NYSE:GHC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $4,572,000. Graham makes up approximately 3.4% of IVY Lane Capital Management LLC’s portfolio, making the stock its 9th largest position. IVY Lane Capital Management LLC owned 0.17% of Graham as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Middle East FZE bought a new stake in shares of Graham during the fourth quarter worth about $25,000. Captrust Financial Advisors lifted its position in Graham by 119.0% in the 1st quarter. Captrust Financial Advisors now owns 138 shares of the company’s stock valued at $84,000 after acquiring an additional 75 shares in the last quarter. Covestor Ltd lifted its position in Graham by 88.3% in the 1st quarter. Covestor Ltd now owns 177 shares of the company’s stock valued at $108,000 after acquiring an additional 83 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Graham by 6.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 293 shares of the company’s stock valued at $157,000 after acquiring an additional 18 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Graham by 8.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 296 shares of the company’s stock valued at $176,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 61.99% of the company’s stock.
Insiders Place Their Bets
In other news, Director Thomas Sinnickson Gayner bought 100 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $607.24 per share, with a total value of $60,724.00. Following the transaction, the director now directly owns 600 shares in the company, valued at $364,344. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 21.60% of the company’s stock.
Analyst Upgrades and Downgrades
Graham Stock Performance
Shares of Graham stock traded up $19.55 during mid-day trading on Wednesday, hitting $635.29. 14,350 shares of the stock were exchanged, compared to its average volume of 13,819. Graham Holdings has a 12 month low of $545.00 and a 12 month high of $681.70. The company has a 50-day simple moving average of $587.66 and a 200 day simple moving average of $581.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.32 and a current ratio of 1.56. The company has a market capitalization of $2.88 billion, a P/E ratio of 19.23 and a beta of 1.05.
Graham Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Wednesday, October 18th were given a dividend of $1.65 per share. The ex-dividend date of this dividend was Tuesday, October 17th. This represents a $6.60 annualized dividend and a dividend yield of 1.04%. Graham’s dividend payout ratio is currently 19.98%.
Graham Company Profile
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.
- Five stocks we like better than Graham
- What is the S&P/TSX Index?
- 5 must-have next-gen technologies that institutions are buying
- Pros And Cons Of Monthly Dividend Stocks
- 3 intriguing late-week earnings plays for short-term traders
- 3 Warren Buffett Stocks to Buy Now
- Datadog is about to hit 52-week highs, and there’s more to come
Receive News & Ratings for Graham Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Graham and related companies with MarketBeat.com's FREE daily email newsletter.