Graham (NYSE:GHC) Shares Gap Down – Here’s Why

Shares of Graham Holdings (NYSE:GHC) gapped down prior to trading on Friday . The stock had previously closed at $973.17, but opened at $947.00. Graham shares last traded at $951.59, with a volume of 9,297 shares.

Graham Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.57 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $4.13 billion, a P/E ratio of 18.65 and a beta of 1.12. The business has a fifty day moving average price of $939.73 and a 200-day moving average price of $888.20.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be given a dividend of $1.80 per share. The ex-dividend date is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.76%. Graham’s dividend payout ratio (DPR) is 4.37%.

Insider Buying and Selling

In other news, CAO Marcel A. Snyman sold 159 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $881.30, for a total transaction of $140,126.70. Following the transaction, the chief accounting officer now directly owns 442 shares of the company’s stock, valued at $389,534.60. This represents a 26.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Forum Financial Management LP purchased a new stake in shares of Graham during the 4th quarter valued at about $1,517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Graham by 22.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,551 shares of the company’s stock valued at $5,712,000 after buying an additional 1,199 shares during the period. ProShare Advisors LLC increased its holdings in Graham by 38.5% during the fourth quarter. ProShare Advisors LLC now owns 1,058 shares of the company’s stock valued at $922,000 after buying an additional 294 shares during the last quarter. Nomura Holdings Inc. bought a new position in Graham in the fourth quarter worth approximately $389,000. Finally, Millennium Management LLC boosted its stake in shares of Graham by 16.8% during the 4th quarter. Millennium Management LLC now owns 5,891 shares of the company’s stock worth $5,136,000 after acquiring an additional 847 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

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.