Graham Holdings (NYSE:GHC) Shares Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its position in shares of Graham Holdings (NYSE:GHC) by 6.2% in the second quarter, Holdings Channel reports. The institutional investor owned 16,246 shares of the company’s stock after acquiring an additional 945 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Graham were worth $9,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GHC. Vanguard Group Inc. boosted its stake in shares of Graham by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 365,230 shares of the company’s stock valued at $223,328,000 after buying an additional 4,345 shares during the period. Dimensional Fund Advisors LP increased its stake in Graham by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 297,633 shares of the company’s stock valued at $177,340,000 after purchasing an additional 3,101 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Graham by 27,384.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 220,704 shares of the company’s stock valued at $500,000 after purchasing an additional 219,901 shares in the last quarter. State Street Corp grew its holdings in shares of Graham by 1.0% during the first quarter. State Street Corp now owns 133,146 shares of the company’s stock worth $79,334,000 after buying an additional 1,334 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Graham by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 72,314 shares of the company’s stock valued at $43,088,000 after buying an additional 2,402 shares during the period. 61.99% of the stock is currently owned by hedge funds and other institutional investors.

Graham Stock Performance

Shares of GHC opened at $624.40 on Tuesday. The company’s fifty day moving average is $593.07 and its 200-day moving average is $582.90. Graham Holdings has a 12 month low of $545.00 and a 12 month high of $681.70. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 18.90 and a beta of 1.05. The company has a quick ratio of 1.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.20.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Investors of record on Wednesday, October 18th were given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Tuesday, October 17th. Graham’s dividend payout ratio (DPR) is presently 19.98%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TheStreet raised shares of Graham from a “c+” rating to a “b” rating in a research report on Thursday, August 17th. StockNews.com initiated coverage on Graham in a report on Thursday, October 5th. They set a “buy” rating on the stock.

Insider Activity

In other Graham news, Director Thomas Sinnickson Gayner acquired 100 shares of Graham stock in a transaction on Friday, September 8th. The shares were bought at an average price of $569.83 per share, with a total value of $56,983.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at $284,915. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.50% of the stock is owned by company insiders.

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.