Denali Advisors LLC Invests $1.71 Million in Graham Holdings Company $GHC

Denali Advisors LLC acquired a new position in Graham Holdings Company (NYSE:GHC) in the second quarter, Holdings Channel.com reports. The firm acquired 1,803 shares of the company’s stock, valued at approximately $1,706,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GHC. Allianz Asset Management GmbH boosted its holdings in Graham by 34.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 469 shares of the company’s stock valued at $444,000 after acquiring an additional 119 shares during the period. New York State Teachers Retirement System boosted its holdings in Graham by 6.8% during the 2nd quarter. New York State Teachers Retirement System now owns 4,728 shares of the company’s stock valued at $4,473,000 after acquiring an additional 300 shares during the period. Bayforest Capital Ltd purchased a new stake in Graham during the 2nd quarter valued at about $305,000. Sequoia Financial Advisors LLC purchased a new stake in Graham during the 2nd quarter valued at about $355,000. Finally, Vest Financial LLC boosted its holdings in Graham by 160.7% during the 2nd quarter. Vest Financial LLC now owns 2,203 shares of the company’s stock valued at $2,084,000 after acquiring an additional 1,358 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Graham in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Graham Trading Down 1.8%

NYSE GHC opened at $1,029.64 on Thursday. Graham Holdings Company has a fifty-two week low of $770.06 and a fifty-two week high of $1,200.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a 50 day simple moving average of $1,097.61 and a two-hundred day simple moving average of $993.65. The stock has a market cap of $4.49 billion, a P/E ratio of 6.61 and a beta of 0.88.

Graham (NYSE:GHC) last released its quarterly earnings data on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, topping the consensus estimate of $10.15 by $4.18. Graham had a return on equity of 6.79% and a net margin of 14.10%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion.

Graham Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a $1.80 dividend. The ex-dividend date is Thursday, October 16th. This represents a $7.20 annualized dividend and a yield of 0.7%. Graham’s dividend payout ratio (DPR) is 4.62%.

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.