Denali Advisors LLC Acquires New Shares in Graham Holdings Company $GHC

Denali Advisors LLC acquired a new stake in shares of Graham Holdings Company (NYSE:GHC) during the second quarter, according to its most recent filing with the SEC. The fund acquired 1,803 shares of the company’s stock, valued at approximately $1,706,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GHC. Spire Wealth Management raised its stake in shares of Graham by 333.3% during the 1st quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after purchasing an additional 20 shares during the period. UMB Bank n.a. raised its stake in shares of Graham by 68.8% during the 2nd quarter. UMB Bank n.a. now owns 27 shares of the company’s stock valued at $26,000 after purchasing an additional 11 shares during the period. GAMMA Investing LLC raised its stake in shares of Graham by 55.0% during the 2nd quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Nisa Investment Advisors LLC increased its stake in Graham by 216.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock worth $37,000 after acquiring an additional 26 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Graham in the 1st quarter worth about $40,000. 93.16% of the stock is currently owned by institutional investors.

Graham Price Performance

Shares of NYSE GHC opened at $1,029.64 on Thursday. The stock’s 50-day simple moving average is $1,097.61 and its two-hundred day simple moving average is $993.65. Graham Holdings Company has a twelve month low of $770.06 and a twelve month high of $1,200.00. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.49 billion, a P/E ratio of 6.61 and a beta of 0.88.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion.

Graham Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 16th. Graham’s dividend payout ratio is presently 4.62%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Graham in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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.