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

Longboard Asset Management LP purchased a new position in shares of Graham Holdings (NYSE:GHC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 262 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Graham by 82.1% during the second quarter. Bank of Montreal Can now owns 1,315 shares of the company’s stock worth $1,005,000 after buying an additional 593 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Graham in the second quarter valued at approximately $637,000. Millennium Management LLC purchased a new stake in shares of Graham during the second quarter worth approximately $2,743,000. Creative Planning raised its stake in shares of Graham by 5.9% during the second quarter. Creative Planning now owns 3,287 shares of the company’s stock worth $2,299,000 after purchasing an additional 184 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Graham by 1.1% during the second quarter. Truist Financial Corp now owns 1,982 shares of the company’s stock worth $1,387,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Analyst Upgrades and Downgrades

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

Graham Stock Down 1.6 %

Shares of NYSE GHC opened at $914.22 on Tuesday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 17.90 and a beta of 1.13. Graham Holdings has a 52 week low of $683.00 and a 52 week high of $974.00. The firm has a 50-day moving average price of $905.29 and a 200 day moving average price of $839.08. The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18.

Graham Increases Dividend

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

Insider Activity at Graham

In other news, CAO Marcel A. Snyman sold 159 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 32.30% of the stock is owned by corporate insiders.

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.