Longboard Asset Management LP Buys New Shares in Graham Holdings (NYSE:GHC)

Longboard Asset Management LP purchased a new position in Graham Holdings (NYSE:GHC) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 262 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Graham by 558.3% during 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 period. KBC Group NV increased its position in Graham by 60.0% during the third quarter. KBC Group NV now owns 104 shares of the company’s stock worth $85,000 after purchasing an additional 39 shares during the last quarter. Covestor Ltd raised its stake in Graham by 8.4% during the third quarter. Covestor Ltd now owns 155 shares of the company’s stock worth $128,000 after purchasing an additional 12 shares during the period. SG Americas Securities LLC acquired a new position in shares of Graham in the 3rd quarter valued at $168,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Graham during the 3rd quarter valued at $189,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Graham Stock Performance

NYSE GHC opened at $914.22 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $974.00. The firm has a market capitalization of $3.96 billion, a P/E ratio of 17.90 and a beta of 1.13. The business’s 50-day simple moving average is $905.29 and its 200-day simple moving average is $839.08.

Graham Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.79%. This is a boost from Graham’s previous quarterly dividend of $1.72. The ex-dividend date is Monday, February 3rd. Graham’s payout ratio is 13.47%.

Insiders Place Their Bets

In related news, CAO Marcel A. Snyman sold 159 shares of Graham 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 transaction, the chief accounting officer now owns 442 shares in the company, valued at approximately $389,534.60. The trade was a 26.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 32.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.