Graham Holdings (NYSE:GHC) Short Interest Up 7.0% in March

Graham Holdings (NYSE:GHCGet Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 59,400 shares, an increase of 7.0% from the February 29th total of 55,500 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is presently 4.1 days. Currently, 1.8% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Katharine Weymouth sold 556 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $712.99, for a total transaction of $396,422.44. Following the transaction, the director now owns 1,993 shares in the company, valued at approximately $1,420,989.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.60% of the company’s stock.

Institutional Trading of Graham

A number of hedge funds and other institutional investors have recently modified their holdings of GHC. Dark Forest Capital Management LP purchased a new position in shares of Graham during the 3rd quarter worth $2,531,000. Gamco Investors INC. ET AL grew its holdings in shares of Graham by 12.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 18,071 shares of the company’s stock worth $10,535,000 after purchasing an additional 2,025 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Graham during the 3rd quarter worth $785,000. VELA Investment Management LLC grew its holdings in shares of Graham by 23.1% during the 3rd quarter. VELA Investment Management LLC now owns 8,576 shares of the company’s stock worth $5,000,000 after purchasing an additional 1,610 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of Graham by 59.1% during the 2nd quarter. Citigroup Inc. now owns 2,228 shares of the company’s stock worth $1,273,000 after purchasing an additional 828 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Graham Stock Up 0.7 %

NYSE GHC opened at $762.69 on Thursday. The business has a fifty day moving average price of $725.70 and a 200 day moving average price of $665.36. Graham has a one year low of $551.36 and a one year high of $771.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.26 and a current ratio of 1.50. The company has a market cap of $3.40 billion, a P/E ratio of 17.55 and a beta of 1.11.

Graham (NYSE:GHCGet Free Report) last issued its earnings results on Friday, February 23rd. The company reported $10.94 earnings per share (EPS) for the quarter. Graham had a return on equity of 5.23% and a net margin of 4.65%. The business had revenue of $1.17 billion during the quarter.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 18th will be paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, April 17th. Graham’s dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

Separately, upgraded Graham from a “hold” rating to a “buy” rating in a research report on Monday, March 11th.

Get Our Latest Stock Analysis on Graham

About Graham

(Get Free Report)

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.

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