Hennessy Advisors Inc. Takes $10.21 Million Position in Graham Holdings Company $GHC

Key Points

• Hennessy Advisors Inc. acquired a new stake in Graham Holdings Company, purchasing 10,787 shares for approximately $10.21 million in the second quarter.
• Analysts have given Graham Holdings a “Strong Buy” rating, with Weiss Ratings reissuing a buy rating of "a-".
• Graham Holdings announced a quarterly dividend of $1.80 per share, representing an annualized dividend yield of 0.6%, to be paid on November 6th.

Hennessy Advisors Inc. bought a new stake in Graham Holdings Company (NYSE:GHC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,787 shares of the company's stock, valued at approximately $10,206,000. Hennessy Advisors Inc. owned 0.25% of Graham as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of GHC. AQR Capital Management LLC boosted its position in shares of Graham by 50.4% in the first quarter. AQR Capital Management LLC now owns 58,729 shares of the company's stock valued at $55,851,000 after acquiring an additional 19,690 shares during the period. GAMMA Investing LLC boosted its position in shares of Graham by 128,013.3% in the first quarter. GAMMA Investing LLC now owns 19,217 shares of the company's stock valued at $18,465,000 after acquiring an additional 19,202 shares during the period. Nuveen LLC bought a new stake in shares of Graham in the first quarter valued at about $8,351,000. Algert Global LLC boosted its position in shares of Graham by 119.8% in the first quarter. Algert Global LLC now owns 7,705 shares of the company's stock valued at $7,403,000 after acquiring an additional 4,199 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position 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 during the period. Institutional investors own 93.16% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (a-)" rating on shares of Graham in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Graham has an average rating of "Strong Buy".

Graham Price Performance

GHC stock opened at $1,161.37 on Friday. 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 Holdings Company has a 12 month low of $770.06 and a 12 month high of $1,200.00. The firm has a market cap of $5.06 billion, a P/E ratio of 7.46 and a beta of 0.88. The company's 50-day moving average price is $1,084.57 and its two-hundred day moving average price is $988.80.

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

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.6%. Graham's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.