TBH Global Asset Management LLC Reduces Position in Graham Holdings (NYSE:GHC)

TBH Global Asset Management LLC lowered its holdings in Graham Holdings (NYSE:GHC) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,319 shares of the company’s stock after selling 120 shares during the period. TBH Global Asset Management LLC’s holdings in Graham were worth $2,022,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Graham by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 21,128 shares of the company’s stock worth $17,361,000 after buying an additional 1,941 shares in the last quarter. Franklin Resources Inc. boosted its stake in Graham by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 10,311 shares of the company’s stock valued at $8,344,000 after acquiring an additional 819 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Graham during the 4th quarter worth $437,000. Autumn Glory Partners LLC increased its position in shares of Graham by 100.0% in the 3rd quarter. Autumn Glory Partners LLC now owns 4,342 shares of the company’s stock worth $3,568,000 after purchasing an additional 2,171 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Graham by 558.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 79 shares of the company’s stock valued at $65,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Graham Price Performance

Shares of NYSE GHC opened at $966.27 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.34 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 18.92 and a beta of 1.13. Graham Holdings has a twelve month low of $683.00 and a twelve month high of $974.00. The business has a 50 day simple moving average of $905.58 and a 200-day simple moving average of $853.65.

Graham Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd 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 0.75%. This is a boost from Graham’s previous quarterly dividend of $1.72. The ex-dividend date is Monday, February 3rd. Graham’s dividend payout ratio is 14.10%.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, November 4th.

Insider Transactions at Graham

In other Graham news, CAO Marcel A. Snyman sold 159 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $881.30, for a total value of $140,126.70. Following the transaction, the chief accounting officer now owns 442 shares of the company’s stock, valued at $389,534.60. This trade represents a 26.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 20.50% of the company’s stock.

Graham 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.