Palisade Asset Management LLC Takes Position in Graham Holdings (NYSE:GHC)

Palisade Asset Management LLC acquired a new position in Graham Holdings (NYSE:GHC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 331 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also recently modified their holdings of GHC. Signaturefd LLC raised its position in shares of Graham by 26.2% in the 4th quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 54 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Graham by 10.9% in the 4th quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock worth $199,000 after acquiring an additional 28 shares in the last quarter. Western Wealth Management LLC bought a new stake in Graham during the fourth quarter worth about $233,000. Johnson Investment Counsel Inc. bought a new stake in shares of Graham in the 3rd quarter worth approximately $248,000. Finally, Cerity Partners LLC bought a new position in Graham during the 4th quarter valued at approximately $261,000. Institutional investors own 62.54% of the company’s stock.

Graham Stock Performance

NYSE GHC traded up $5.41 during trading hours on Tuesday, hitting $750.81. The company’s stock had a trading volume of 20,525 shares, compared to its average volume of 14,298. The company’s 50 day simple moving average is $728.04 and its two-hundred day simple moving average is $689.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.57 and a quick ratio of 1.31. The company has a market cap of $3.35 billion, a P/E ratio of 12.45 and a beta of 1.11. Graham Holdings has a 12 month low of $551.36 and a 12 month high of $771.05.

Graham (NYSE:GHC) last posted its earnings results on Wednesday, May 1st. The company reported $11.24 EPS for the quarter. The business had revenue of $1.15 billion during the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Graham Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, April 18th will be issued a dividend of $1.72 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $6.88 dividend on an annualized basis and a yield of 0.92%. Graham’s dividend payout ratio is currently 11.41%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

Insider Transactions at Graham

In other news, Director Katharine Weymouth sold 556 shares of Graham stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $712.99, for a total transaction of $396,422.44. Following the transaction, the director now directly owns 1,993 shares of the company’s stock, valued at approximately $1,420,989.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 32.30% 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.