IVY Lane Capital Management LLC Buys New Holdings in Graham Holdings (NYSE:GHC)

IVY Lane Capital Management LLC purchased a new position in Graham Holdings (NYSE:GHC) 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

Several equities analysts recently weighed in on the stock. TheStreet raised shares of Graham from a “c+” rating to a “b” rating in a research report on Thursday, August 17th. StockNews.com assumed coverage on shares of Graham in a research report on Thursday, October 5th. They issued a “buy” rating on the stock.

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.