Graham (NYSE:GHC) Sets New 52-Week High – Here’s What Happened

Graham Holdings (NYSE:GHC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $971.00 and last traded at $970.03, with a volume of 1458 shares traded. The stock had previously closed at $960.36.

Wall Street Analysts Forecast Growth

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

Graham Stock Down 1.4 %

The company’s 50-day simple moving average is $810.87 and its 200 day simple moving average is $765.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.34. The firm has a market cap of $4.10 billion, a P/E ratio of 18.53 and a beta of 1.11.

Graham Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th were paid a $1.72 dividend. This represents a $6.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 17th. Graham’s payout ratio is 13.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Graham by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 371,235 shares of the company’s stock worth $284,990,000 after purchasing an additional 20,629 shares during the period. American Century Companies Inc. grew its stake in shares of Graham by 80.3% during the second quarter. American Century Companies Inc. now owns 20,109 shares of the company’s stock valued at $14,067,000 after buying an additional 8,953 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Graham during the 1st quarter worth approximately $6,230,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Graham by 31.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 30,332 shares of the company’s stock valued at $21,219,000 after acquiring an additional 7,179 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of Graham in the first quarter worth about $5,256,000. Institutional investors own 62.54% of the company’s stock.

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.