Graham Holdings (NYSE:GHC) Stake Cut by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Graham Holdings (NYSE:GHC) by 15.0% in the 1st quarter, Holdings Channel reports. The firm owned 470 shares of the company’s stock after selling 83 shares during the quarter. Inspire Investing LLC’s holdings in Graham were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky lifted its stake in Graham by 97.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,266 shares of the company’s stock valued at $738,000 after buying an additional 626 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Graham by 182.4% during the fourth quarter. Pacer Advisors Inc. now owns 915 shares of the company’s stock valued at $637,000 after purchasing an additional 591 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Graham in the fourth quarter worth about $2,136,000. Harrington Investments INC increased its stake in Graham by 4.2% during the 4th quarter. Harrington Investments INC now owns 1,685 shares of the company’s stock valued at $1,174,000 after buying an additional 68 shares during the period. Finally, DAVENPORT & Co LLC raised its holdings in Graham by 4.8% during the fourth quarter. DAVENPORT & Co LLC now owns 545 shares of the company’s stock worth $380,000 after purchasing an additional 25 shares in the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Graham Stock Up 4.6 %

GHC stock opened at $778.75 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.31. Graham Holdings has a 12 month low of $555.76 and a 12 month high of $782.43. The firm has a market cap of $3.46 billion, a PE ratio of 12.91 and a beta of 1.12. The firm has a 50 day simple moving average of $728.35 and a 200 day simple moving average of $722.58.

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

Graham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th will be given a dividend of $1.72 per share. The ex-dividend date is Thursday, July 18th. This represents a $6.88 dividend on an annualized basis and a yield of 0.88%. Graham’s payout ratio is presently 11.41%.

Insider Buying and Selling at Graham

In related news, Director Anne M. Mulcahy purchased 135 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $745.07 per share, for a total transaction of $100,584.45. Following the completion of the acquisition, the director now owns 662 shares in the company, valued at approximately $493,236.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th.

Graham 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.