Graham Holdings (NYSE:GHC) Sees Significant Drop in Short Interest

Graham Holdings (NYSE:GHC) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 54,800 shares, a drop of 7.7% from the March 15th total of 59,400 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 14,200 shares, the days-to-cover ratio is currently 3.9 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Graham from a “hold” rating to a “buy” rating in a report on Monday, March 11th.

Insider Buying and Selling at Graham

In related news, Director Katharine Weymouth sold 556 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $712.99, for a total value of $396,422.44. Following the completion of the transaction, the director now owns 1,993 shares of the company’s stock, valued at $1,420,989.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Graham

Several institutional investors have recently modified their holdings of the company. Janiczek Wealth Management LLC raised its position in shares of Graham by 8.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 310 shares of the company’s stock worth $238,000 after buying an additional 24 shares in the last quarter. Norman Fields Gottscho Capital Management LLC raised its position in Graham by 31.8% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 1,119 shares of the company’s stock worth $859,000 after acquiring an additional 270 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Graham during the 4th quarter valued at about $297,000. GTS Securities LLC acquired a new position in shares of Graham in the 4th quarter worth approximately $260,000. Finally, Barclays PLC raised its holdings in shares of Graham by 175.0% in the 4th quarter. Barclays PLC now owns 8,274 shares of the company’s stock worth $5,763,000 after purchasing an additional 5,265 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

Graham Stock Performance

GHC stock traded down $2.19 during trading on Tuesday, hitting $707.33. 18,827 shares of the company’s stock traded hands, compared to its average volume of 14,197. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 16.27 and a beta of 1.11. Graham has a 52 week low of $551.36 and a 52 week high of $771.05. The stock has a fifty day moving average price of $727.73 and a two-hundred day moving average price of $674.90. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.19.

Graham (NYSE:GHC) last released its quarterly earnings data on Friday, February 23rd. The company reported $10.94 earnings per share for the quarter. The firm had revenue of $1.17 billion for the quarter. Graham had a net margin of 4.65% and a return on equity of 5.23%.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 18th will be paid a $1.72 dividend. This represents a $6.88 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, April 17th. Graham’s payout ratio is 15.83%.

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.