Graham (NYSE:GHC) Shares Gap Down – Should You Sell?

Shares of Graham Holdings (NYSE:GHC) gapped down before the market opened on Friday . The stock had previously closed at $973.17, but opened at $947.00. Graham shares last traded at $951.59, with a volume of 9,297 shares trading hands.

Graham Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The company has a market cap of $4.13 billion, a PE ratio of 18.65 and a beta of 1.12. The business’s 50 day moving average is $939.73 and its two-hundred day moving average is $888.20.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s dividend payout ratio (DPR) is 4.37%.

Insider Buying and Selling

In other Graham news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $881.30, for a total transaction 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 $389,534.60. This trade represents a 26.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Graham

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Graham by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock worth $17,361,000 after purchasing an additional 1,941 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Graham by 8.6% in the third quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock worth $8,344,000 after buying an additional 819 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in Graham during the fourth quarter valued at approximately $437,000. Y Intercept Hong Kong Ltd purchased a new position in Graham during the 4th quarter valued at approximately $635,000. Finally, Daiwa Securities Group Inc. increased its stake in Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock worth $65,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

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.