Summit Global Investments Invests $849,000 in Graham Holdings (NYSE:GHC)

Summit Global Investments bought a new stake in shares of Graham Holdings (NYSE:GHC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 974 shares of the company’s stock, valued at approximately $849,000.

A number of other large investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its stake in shares of Graham by 82.4% during the fourth quarter. Teacher Retirement System of Texas now owns 3,755 shares of the company’s stock valued at $3,274,000 after buying an additional 1,696 shares during the last quarter. Xponance Inc. boosted its holdings in Graham by 3.3% during the 4th quarter. Xponance Inc. now owns 469 shares of the company’s stock valued at $409,000 after acquiring an additional 15 shares during the period. Intech Investment Management LLC grew its position in Graham by 250.3% during the 4th quarter. Intech Investment Management LLC now owns 1,930 shares of the company’s stock worth $1,683,000 after acquiring an additional 1,379 shares during the last quarter. Raymond James Financial Inc. bought a new position in Graham during the 4th quarter worth approximately $26,773,000. Finally, Assetmark Inc. increased its stake in Graham by 3,662.5% in the 4th quarter. Assetmark Inc. now owns 602 shares of the company’s stock worth $525,000 after purchasing an additional 586 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Insider Buying and Selling at Graham

In related news, CAO Marcel A. Snyman sold 159 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $881.30, for a total value 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 trade represents a 26.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 20.50% of the company’s stock.

Graham Stock Performance

NYSE:GHC opened at $939.62 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. Graham Holdings has a fifty-two week low of $683.00 and a fifty-two week high of $993.49. The firm has a market cap of $4.08 billion, a PE ratio of 18.40 and a beta of 1.12. The business has a 50 day moving average price of $933.18 and a 200-day moving average price of $883.87.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, April 17th. Graham’s dividend payout ratio (DPR) is presently 4.37%.

Graham 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.