Graham (NYSE:GHC) Sees Strong Trading Volume – Here’s What Happened

Shares of Graham Holdings (NYSE:GHC) saw unusually-high trading volume on Wednesday . Approximately 26,007 shares were traded during trading, an increase of 67% from the previous session’s volume of 15,611 shares.The stock last traded at $969.11 and had previously closed at $970.65.

Graham Price Performance

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 firm’s fifty day moving average price is $939.73 and its 200 day moving average price is $888.20. The stock has a market cap of $4.22 billion, a PE ratio of 19.03 and a beta of 1.12.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 17th. Graham’s payout ratio is currently 4.37%.

Insider Activity

In other news, CAO Marcel A. Snyman sold 159 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the sale, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.50% of the company’s stock.

Institutional Investors Weigh In On Graham

Several large investors have recently bought and sold shares of GHC. Smartleaf Asset Management LLC grew its position in Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings 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 increased its position in shares of Graham by 36.5% during the 4th quarter. KBC Group NV now owns 142 shares of the company’s stock valued at $124,000 after purchasing an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Graham by 44.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after buying an additional 44 shares during the period. Finally, Principal Securities Inc. lifted its position in Graham by 30.0% in the fourth quarter. Principal Securities Inc. now owns 182 shares of the company’s stock worth $159,000 after buying an additional 42 shares during the last quarter. 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.