VELA Investment Management LLC Reduces Stock Holdings in Graham Holdings Company (NYSE:GHC)

VELA Investment Management LLC reduced its stake in Graham Holdings Company (NYSE:GHC - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,343 shares of the company's stock after selling 1,352 shares during the period. Graham accounts for approximately 2.5% of VELA Investment Management LLC's investment portfolio, making the stock its 4th biggest position. VELA Investment Management LLC owned approximately 0.19% of Graham worth $8,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management lifted its position in Graham by 333.3% during the first quarter. Spire Wealth Management now owns 26 shares of the company's stock worth $25,000 after purchasing an additional 20 shares during the period. Smartleaf Asset Management LLC raised its stake in Graham by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company's stock worth $27,000 after acquiring an additional 11 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Graham by 44.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company's stock worth $126,000 after acquiring an additional 44 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in Graham during the first quarter worth about $205,000. Finally, Stock Yards Bank & Trust Co. acquired a new position in Graham during the first quarter worth about $207,000. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Graham Price Performance

NYSE GHC traded up $17.94 during trading on Tuesday, hitting $931.27. 46,387 shares of the company's stock were exchanged, compared to its average volume of 21,947. 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 $4.06 billion, a PE ratio of 6.53 and a beta of 0.92. Graham Holdings Company has a fifty-two week low of $683.00 and a fifty-two week high of $1,015.00. The stock's 50 day moving average price is $950.89 and its two-hundred day moving average price is $932.32.

Graham (NYSE:GHC - Get Free Report) last released its 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. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. Graham had a net margin of 12.99% and a return on equity of 6.80%.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, July 17th. Graham's payout ratio is 5.05%.

Wall Street Analyst Weigh In

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

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.