KLP Kapitalforvaltning AS Takes $1.57 Million Position in Graham Holdings (NYSE:GHC)

KLP Kapitalforvaltning AS acquired a new stake in shares of Graham Holdings (NYSE:GHC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,800 shares of the company’s stock, valued at approximately $1,569,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Graham by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock valued at $17,361,000 after buying an additional 1,941 shares during the period. Franklin Resources Inc. grew its stake in Graham by 8.6% in the 3rd 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 shares of Graham in the 4th quarter worth $437,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Graham during the 4th quarter valued at $635,000. Finally, Daiwa Securities Group Inc. lifted its stake in Graham by 558.3% during the third 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 last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Graham from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Graham Price Performance

Shares of NYSE:GHC opened at $952.30 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a market cap of $4.13 billion, a PE ratio of 18.65 and a beta of 1.12. The company’s fifty day moving average is $940.65 and its 200 day moving average is $889.71. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $993.49.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s dividend payout ratio is presently 4.37%.

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 value of $140,126.70. Following the transaction, the chief accounting officer now directly owns 442 shares of the company’s stock, valued at $389,534.60. The trade was a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.50% 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.