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State of Alaska Department of Revenue Boosts Position in Graham Holdings (NYSE:GHC)

Defense World · Sep 20, 2022 05:32

State of Alaska Department of Revenue raised its stake in shares of Graham Holdings (NYSE:GHC – Get Rating) by 1.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,866 shares of the company's stock after purchasing an additional 200 shares during the period. State of Alaska Department of Revenue's holdings in Graham were worth $6,726,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Signaturefd LLC grew its holdings in Graham by 10.2% during the first quarter. Signaturefd LLC now owns 184 shares of the company's stock valued at $113,000 after purchasing an additional 17 shares during the period. Federated Hermes Inc. grew its holdings in Graham by 5.6% during the first quarter. Federated Hermes Inc. now owns 360 shares of the company's stock valued at $220,000 after purchasing an additional 19 shares during the period. Daiwa Securities Group Inc. grew its holdings in Graham by 29.7% during the first quarter. Daiwa Securities Group Inc. now owns 96 shares of the company's stock valued at $59,000 after purchasing an additional 22 shares during the period. Eaton Vance Management grew its holdings in Graham by 10.2% during the fourth quarter. Eaton Vance Management now owns 292 shares of the company's stock valued at $126,000 after purchasing an additional 27 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of Graham by 2.8% in the first quarter. State of Michigan Retirement System now owns 1,012 shares of the company's stock worth $619,000 after acquiring an additional 28 shares during the period. Institutional investors own 63.26% of the company's stock.

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Insider Activity at Graham

In other news, Director Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction that occurred on Friday, September 16th. The stock was bought at an average cost of $556.15 per share, with a total value of $55,615.00. Following the completion of the purchase, the director now owns 5,500 shares in the company, valued at $3,058,825. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.50% of the stock is owned by corporate insiders.

Graham Stock Performance

NYSE GHC opened at $565.75 on Tuesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.55 and a beta of 1.02. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $577.62 and a 200-day moving average price of $587.53. Graham Holdings has a twelve month low of $533.77 and a twelve month high of $675.00.

Graham (NYSE:GHC – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($12.07) earnings per share for the quarter. Graham had a return on equity of 1.98% and a net margin of 4.33%. The business had revenue of $933.30 million during the quarter.

Graham Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Tuesday, October 18th will be paid a dividend of $1.58 per share. This represents a $6.32 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, October 17th. Graham's payout ratio is presently 20.72%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Graham from a "b" rating to a "c" rating in a research note on Friday, August 5th.

Graham Company Profile

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Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global.