Parallel Advisors LLC Sells 15 Shares of Graham Holdings Company $GHC

Parallel Advisors LLC lessened its holdings in shares of Graham Holdings Company (NYSE:GHC) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 635 shares of the company’s stock after selling 15 shares during the quarter. Parallel Advisors LLC’s holdings in Graham were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management raised its holdings in shares of Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after acquiring an additional 20 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock worth $37,000 after purchasing an additional 26 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Graham in the first quarter worth $40,000. CWM LLC grew its stake in Graham by 100.0% in the first quarter. CWM LLC now owns 42 shares of the company’s stock worth $40,000 after purchasing an additional 21 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in Graham in the first quarter worth $43,000. Institutional investors own 93.16% of the company’s stock.

Graham Price Performance

Shares of GHC stock opened at $1,161.92 on Friday. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 7.46 and a beta of 0.89. The business’s fifty day moving average is $1,027.07 and its 200 day moving average is $970.99. Graham Holdings Company has a twelve month low of $770.06 and a twelve month high of $1,200.00. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07.

Graham (NYSE:GHC) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping the consensus estimate of $10.15 by $4.18. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Graham had a return on equity of 6.79% and a net margin of 14.10%.

Graham Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 16th. Graham’s dividend payout ratio is presently 4.62%.

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.