Graham (NYSE:GHC) Reaches New 52-Week High – Here’s Why

Graham Holdings (NYSE:GHC)’s stock price hit a new 52-week high on Thursday . The company traded as high as $1,003.53 and last traded at $1,000.79, with a volume of 36879 shares traded. The stock had previously closed at $975.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Graham from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 29th.

Graham Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 18.16 and a beta of 1.12. The business’s fifty day moving average price is $946.12 and its 200-day moving average price is $896.85.

Graham Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s dividend payout ratio is currently 4.37%.

Insider Activity

In related news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction 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 directly 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. Corporate insiders own 20.50% of the company’s stock.

Institutional Trading of Graham

Several institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock worth $27,000 after purchasing an additional 11 shares during the last quarter. KBC Group NV boosted its stake in shares of Graham by 36.5% in the 4th quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after buying an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Graham by 44.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after acquiring an additional 44 shares in the last quarter. Principal Securities Inc. increased its position in shares of Graham by 30.0% during the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock valued at $159,000 after acquiring an additional 42 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in Graham during the fourth quarter worth $197,000. Institutional investors own 93.16% of the company’s stock.

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.