VELA Investment Management LLC Lowers Stock Holdings in Graham Holdings Company $GHC

Key Points

• VELA Investment Management cut its stake in Graham Holdings by 28.9% in Q4 to 4,919 shares, and institutional investors now own about 93.16% of the company while other funds like AQR and Vanguard increased their positions.
• Graham beat earnings, reporting $16.79 EPS versus a $13.11 consensus, although revenue of $1.24 billion was slightly below estimates.
• The firm declared a quarterly dividend of $1.88 (annualized $7.52), implying a yield of about 0.7% and a payout ratio near 11.33%.

VELA Investment Management LLC lowered its position in shares of Graham Holdings Company (NYSE:GHC - Free Report) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,919 shares of the company's stock after selling 1,997 shares during the period. Graham makes up approximately 1.3% of VELA Investment Management LLC's portfolio, making the stock its 15th largest position. VELA Investment Management LLC owned approximately 0.11% of Graham worth $5,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GHC. AQR Capital Management LLC increased its position in shares of Graham by 58.8% during the second quarter. AQR Capital Management LLC now owns 93,253 shares of the company's stock valued at $88,233,000 after acquiring an additional 34,524 shares in the last quarter. First Trust Advisors LP increased its position in shares of Graham by 45.3% during the third quarter. First Trust Advisors LP now owns 63,496 shares of the company's stock valued at $74,754,000 after acquiring an additional 19,793 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Graham during the fourth quarter valued at approximately $11,998,000. Vanguard Group Inc. increased its position in shares of Graham by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 340,841 shares of the company's stock valued at $374,448,000 after acquiring an additional 10,886 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Graham by 35.2% during the second quarter. Invesco Ltd. now owns 29,305 shares of the company's stock valued at $27,728,000 after acquiring an additional 7,628 shares in the last quarter. Institutional investors own 93.16% of the company's stock.

Graham Trading Up 1.0%

NYSE:GHC opened at $1,133.82 on Friday. Graham Holdings Company has a 12 month low of $882.21 and a 12 month high of $1,224.76. The company has a 50 day simple moving average of $1,085.60 and a two-hundred day simple moving average of $1,090.58. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 0.15. The company has a market cap of $4.94 billion, a PE ratio of 16.78 and a beta of 0.74.

Graham (NYSE:GHC - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $16.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $13.11 by $3.68. Graham had a net margin of 5.97% and a return on equity of 5.46%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.26 billion.

Graham Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.88 per share. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $7.52 dividend on an annualized basis and a dividend yield of 0.7%. Graham's payout ratio is presently 11.33%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Graham from a "buy" rating to a "hold" rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Graham currently has an average rating of "Buy".

Graham Profile

Graham Corporation is a U.S.-based industrial equipment manufacturer specializing in the design and production of vacuum and heat transfer systems. The company's core offerings include vacuum pumps, exhausters, and energy recovery turbines, as well as steam surface condensers and specialized heat exchangers. These products are engineered to support critical processes in industries that require controlled environments and efficient thermal management.

In addition to its standard product lines, Graham Corporation provides aftermarket services such as equipment installation, field maintenance, performance testing, and spare parts supply.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.