Graham (NYSE:GHC) Sees Unusually-High Trading Volume – Here’s What Happened

Graham Holdings (NYSE:GHC) saw unusually-strong trading volume on Friday . Approximately 14,360 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 16,270 shares.The stock last traded at $983.41 and had previously closed at $972.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Monday, November 4th.

Graham Stock Up 0.0 %

The firm has a market cap of $4.25 billion, a PE ratio of 19.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The company’s 50-day simple moving average is $914.16 and its two-hundred day simple moving average is $864.38.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be given a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 annualized dividend and a yield of 0.73%. Graham’s payout ratio is currently 14.10%.

Insider Buying and Selling at Graham

In other Graham news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction 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 owns 442 shares of the company’s stock, valued at $389,534.60. This represents a 26.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Graham

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Graham by 55.0% in the 4th 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 period. Daiwa Securities Group Inc. lifted its position in shares of 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 purchasing an additional 67 shares during the period. KBC Group NV lifted its position in shares of Graham by 60.0% in the 3rd quarter. KBC Group NV now owns 104 shares of the company’s stock worth $85,000 after purchasing an additional 39 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Graham by 44.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock worth $126,000 after purchasing an additional 44 shares during the period. Finally, Covestor Ltd lifted its position in shares of Graham by 8.4% in the 3rd quarter. Covestor Ltd now owns 155 shares of the company’s stock worth $128,000 after purchasing an additional 12 shares during the period. Hedge funds and other 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.