Short Interest in Graham Holdings (NYSE:GHC) Drops By 5.1%

Graham Holdings (NYSE:GHC) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 59,400 shares, a drop of 5.1% from the May 31st total of 62,600 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th.

Graham Stock Up 0.1 %

Graham stock opened at $702.00 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.31. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 11.64 and a beta of 1.12. Graham has a 1-year low of $551.36 and a 1-year high of $778.84. The business has a fifty day moving average price of $729.06 and a 200-day moving average price of $720.35.

Graham (NYSE:GHC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $11.24 earnings per share for the quarter. The firm had revenue of $1.15 billion during the quarter. Graham had a return on equity of 5.39% and a net margin of 6.12%.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Thursday, July 18th will be given a $1.72 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.98%. Graham’s payout ratio is 11.41%.

Insiders Place Their Bets

In related news, Director Anne M. Mulcahy purchased 135 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average cost of $745.07 per share, for a total transaction of $100,584.45. Following the acquisition, the director now owns 662 shares of the company’s stock, valued at approximately $493,236.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 32.30% of the stock is currently owned by company insiders.

Institutional Trading of Graham

A number of institutional investors have recently made changes to their positions in GHC. Quest Partners LLC acquired a new stake in Graham during the 4th quarter worth about $73,000. Principal Securities Inc. acquired a new stake in Graham during the 4th quarter worth about $77,000. Signaturefd LLC lifted its position in Graham by 26.2% during the 4th quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 54 shares during the period. Janiczek Wealth Management LLC lifted its position in Graham by 10.9% during the 4th quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock worth $199,000 after acquiring an additional 28 shares during the period. Finally, First United Bank & Trust acquired a new stake in Graham during the 4th quarter worth about $224,000. Institutional investors and hedge funds own 62.54% 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.