Denali Advisors LLC Increases Position in Graham Holdings (NYSE:GHC)

Denali Advisors LLC boosted its holdings in Graham Holdings (NYSE:GHC) by 1,343.3% during the first quarter, Holdings Channel.com reports. The firm owned 5,802 shares of the company’s stock after acquiring an additional 5,400 shares during the quarter. Graham comprises about 1.3% of Denali Advisors LLC’s portfolio, making the stock its 28th largest holding. Denali Advisors LLC’s holdings in Graham were worth $4,454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC purchased a new stake in shares of Graham during the fourth quarter valued at approximately $73,000. Principal Securities Inc. purchased a new stake in shares of Graham during the fourth quarter valued at approximately $77,000. Signaturefd LLC grew its holdings in shares of Graham by 26.2% during the fourth quarter. Signaturefd LLC now owns 260 shares of the company’s stock valued at $181,000 after buying an additional 54 shares during the last quarter. Janiczek Wealth Management LLC grew its holdings in shares of Graham by 10.9% during the fourth quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock valued at $199,000 after buying an additional 28 shares during the last quarter. Finally, First United Bank & Trust purchased a new stake in Graham in the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Graham Stock Performance

GHC stock traded up $0.55 on Wednesday, hitting $702.00. The company had a trading volume of 6,377 shares, compared to its average volume of 15,942. Graham Holdings has a 12-month low of $551.36 and a 12-month high of $778.84. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $729.32 and its 200 day simple moving average is $720.48. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 11.63 and a beta of 1.12.

Graham (NYSE:GHC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $11.24 earnings per share for the quarter. The business had revenue of $1.15 billion for the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Graham Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 18th will be paid a dividend of $1.72 per share. This represents a $6.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 18th. Graham’s dividend payout ratio is presently 11.41%.

Insider Transactions at Graham

In other Graham news, Director Anne M. Mulcahy purchased 135 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $745.07 per share, for a total transaction of $100,584.45. Following the purchase, the director now directly owns 662 shares of the company’s stock, valued at approximately $493,236.34. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 32.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th.

About Graham

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.