GABELLI & Co INVESTMENT ADVISERS INC. Increases Stock Position in Graham Holdings (NYSE:GHC)

GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Graham Holdings (NYSE:GHC) by 565.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,122 shares of the company’s stock after buying an additional 1,803 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Graham were worth $1,850,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Graham by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 31 shares of the company’s stock worth $27,000 after acquiring an additional 11 shares in the last quarter. KBC Group NV increased its stake in shares of Graham by 36.5% in the fourth quarter. KBC Group NV now owns 142 shares of the company’s stock worth $124,000 after buying an additional 38 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Graham by 44.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 144 shares of the company’s stock valued at $126,000 after acquiring an additional 44 shares during the last quarter. Principal Securities Inc. increased its position in shares of Graham by 30.0% in the 4th quarter. Principal Securities Inc. now owns 182 shares of the company’s stock worth $159,000 after purchasing an additional 42 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Graham during the third quarter worth about $203,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Graham from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 29th.

Graham Stock Up 0.8 %

Shares of NYSE:GHC opened at $917.49 on Tuesday. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53. The company’s fifty day moving average is $942.89 and its two-hundred day moving average is $903.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.34 and a current ratio of 1.57. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.97 and a beta of 0.92.

Graham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 17th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $7.20 dividend on an annualized basis and a yield of 0.78%. Graham’s payout ratio is currently 4.37%.

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.