TBH Global Asset Management LLC Trims Holdings in Graham Holdings (NYSE:GHC)

TBH Global Asset Management LLC trimmed its stake in Graham Holdings (NYSE:GHC) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,524 shares of the company’s stock after selling 108 shares during the period. TBH Global Asset Management LLC owned about 0.06% of Graham worth $1,758,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Graham in the 4th quarter valued at $18,160,000. AQR Capital Management LLC raised its position in Graham by 27.2% during the 3rd quarter. AQR Capital Management LLC now owns 39,538 shares of the company’s stock worth $23,051,000 after buying an additional 8,443 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Graham in the 3rd quarter valued at about $2,531,000. Assenagon Asset Management S.A. purchased a new position in shares of Graham in the 4th quarter valued at about $2,136,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Graham by 147.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,610 shares of the company’s stock valued at $2,105,000 after purchasing an additional 2,152 shares in the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a report on Thursday, May 16th.

Graham Trading Up 1.0 %

Graham stock traded up $7.39 during trading on Friday, reaching $748.06. The company had a trading volume of 8,683 shares, compared to its average volume of 14,715. Graham Holdings has a 12-month low of $551.36 and a 12-month high of $778.84. The stock’s 50 day moving average price is $738.39 and its two-hundred day moving average price is $702.51. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 12.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.57.

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

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th will be paid a dividend of $1.72 per share. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $6.88 annualized dividend and a yield of 0.92%. Graham’s dividend payout ratio is currently 11.41%.

Insider Transactions at Graham

In related news, Director Katharine Weymouth sold 556 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $712.99, for a total value of $396,422.44. Following the sale, the director now directly owns 1,993 shares of the company’s stock, valued at $1,420,989.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.