VELA Investment Management LLC Has $8.02 Million Stake in Graham Holdings Company (NYSE:GHC)

VELA Investment Management LLC cut its stake in Graham Holdings Company (NYSE:GHC - Free Report) by 13.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,343 shares of the company's stock after selling 1,352 shares during the quarter. Graham makes up approximately 2.5% of VELA Investment Management LLC's investment portfolio, making the stock its 4th largest holding. VELA Investment Management LLC owned approximately 0.19% of Graham worth $8,016,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GHC. QRG Capital Management Inc. grew its stake in shares of Graham by 15.9% in the first quarter. QRG Capital Management Inc. now owns 767 shares of the company's stock valued at $737,000 after acquiring an additional 105 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Graham by 530.5% in the first quarter. Janney Montgomery Scott LLC now owns 3,575 shares of the company's stock valued at $3,435,000 after acquiring an additional 3,008 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Graham by 44.9% in the first quarter. SG Americas Securities LLC now owns 852 shares of the company's stock valued at $819,000 after acquiring an additional 264 shares in the last quarter. Eagle Strategies LLC grew its stake in shares of Graham by 46.3% in the first quarter. Eagle Strategies LLC now owns 1,786 shares of the company's stock valued at $1,716,000 after acquiring an additional 565 shares in the last quarter. Finally, Vest Financial LLC acquired a new position in shares of Graham in the first quarter valued at about $812,000. 93.16% of the stock is owned by institutional investors.

Graham Price Performance

Graham stock traded up $1.31 during trading hours on Friday, reaching $952.62. 22,896 shares of the stock were exchanged, compared to its average volume of 21,680. The stock has a 50 day moving average of $951.01 and a two-hundred day moving average of $931.65. Graham Holdings Company has a twelve month low of $683.00 and a twelve month high of $1,015.00. The company has a current ratio of 1.62, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.15 billion, a P/E ratio of 6.68 and a beta of 0.92.

Graham (NYSE:GHC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 earnings per share for the quarter, beating analysts' consensus estimates of $11.29 by $0.35. Graham had a net margin of 12.99% and a return on equity of 6.80%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 17th will be paid a $1.80 dividend. The ex-dividend date is Thursday, July 17th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.76%. Graham's payout ratio is currently 5.05%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Graham from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 23rd.

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.