Graham (NYSE:GHC) Sees Unusually-High Trading Volume – Here’s What Happened

Graham Holdings (NYSE:GHCGet Free Report) shares saw an uptick in trading volume on Tuesday . 10,478 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 14,567 shares.The stock last traded at $921.52 and had previously closed at $928.82.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research report on Monday, November 4th.

Get Our Latest Stock Analysis on Graham

Graham Price Performance

The stock has a 50-day simple moving average of $905.29 and a 200 day simple moving average of $839.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The stock has a market capitalization of $4.03 billion, a P/E ratio of 18.21 and a beta of 1.13.

Graham Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be given a dividend of $1.80 per share. This is a boost from Graham’s previous quarterly dividend of $1.72. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $7.20 annualized dividend and a dividend yield of 0.77%. Graham’s payout ratio is currently 13.47%.

Insider Activity at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total value of $140,126.70. Following the completion of the sale, the chief accounting officer now owns 442 shares of the company’s stock, valued at approximately $389,534.60. This represents a 26.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 32.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Graham

Several large investors have recently modified their holdings of GHC. Daiwa Securities Group Inc. raised its holdings in Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock valued at $65,000 after acquiring an additional 67 shares during the period. KBC Group NV increased its position in shares of Graham by 60.0% in the third quarter. KBC Group NV now owns 104 shares of the company’s stock worth $85,000 after purchasing an additional 39 shares during the period. Covestor Ltd lifted its position in Graham by 8.4% during the third quarter. Covestor Ltd now owns 155 shares of the company’s stock worth $128,000 after purchasing an additional 12 shares during the period. Principal Securities Inc. grew its stake in Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock worth $159,000 after buying an additional 42 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Graham during the third quarter worth about $168,000. 93.16% of the stock is owned by institutional investors.

Graham Company Profile

(Get Free Report)

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.

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