Graham Holdings Company $GHC Shares Sold by VELA Investment Management LLC

Key Points

• VELA Investment Management LLC reduced its stake in Graham Holdings Company by 16.4%, now holding 6,977 shares valued at approximately $6.6 million.
• The stock has a consensus rating of "Strong Buy" with Weiss Ratings reaffirming a "buy (a-)" rating, indicating positive market sentiment.
• Graham Holdings Company recently announced a quarterly dividend of $1.80 per share, with an annualized dividend yield of 0.8% to be paid on November 6th.

VELA Investment Management LLC cut its stake in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,977 shares of the company's stock after selling 1,366 shares during the period. Graham accounts for about 1.8% of VELA Investment Management LLC's investment portfolio, making the stock its 10th biggest holding. VELA Investment Management LLC owned 0.16% of Graham worth $6,601,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Spire Wealth Management lifted its position in shares of Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company's stock valued at $25,000 after buying an additional 20 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company's stock valued at $26,000 after buying an additional 11 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Graham by 55.0% in the second quarter. GAMMA Investing LLC now owns 31 shares of the company's stock valued at $29,000 after buying an additional 11 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company's stock valued at $37,000 after buying an additional 26 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Graham in the first quarter valued at approximately $40,000. 93.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Graham in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Graham Price Performance

Shares of NYSE GHC opened at $950.19 on Friday. The firm has a market cap of $4.14 billion, a P/E ratio of 6.10 and a beta of 0.88. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Graham Holdings Company has a 1-year low of $770.06 and a 1-year high of $1,200.00. The business's 50 day moving average is $1,097.98 and its 200-day moving average is $992.17.

Graham (NYSE:GHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping analysts' consensus estimates of $10.15 by $4.18. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Graham had a return on equity of 6.79% and a net margin of 14.10%.

Graham Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $1.80 per share. The ex-dividend date is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Graham's dividend payout ratio (DPR) is 4.62%.

Graham Company 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.

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