Forum Financial Management LP Buys New Stake in Graham Holdings (NYSE:GHC)

Forum Financial Management LP purchased a new position in shares of Graham Holdings (NYSE:GHC) during the fourth quarter, Holdings Channel reports. The fund purchased 1,740 shares of the company’s stock, valued at approximately $1,517,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GeoWealth Management LLC acquired a new position in Graham during the 4th quarter worth about $197,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Graham by 565.2% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 2,122 shares of the company’s stock worth $1,850,000 after purchasing an additional 1,803 shares during the period. Jump Financial LLC acquired a new stake in shares of Graham during the fourth quarter worth about $697,000. Bridgewater Associates LP boosted its stake in shares of Graham by 61.4% in the fourth quarter. Bridgewater Associates LP now owns 6,477 shares of the company’s stock valued at $5,647,000 after purchasing an additional 2,465 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Graham in the fourth quarter valued at approximately $434,000. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Graham Price Performance

Shares of NYSE GHC opened at $908.55 on Friday. The stock’s 50-day moving average is $940.39 and its two-hundred day moving average is $904.88. 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 company has a market cap of $3.94 billion, a price-to-earnings ratio of 17.79 and a beta of 0.92. Graham Holdings has a 1-year low of $683.00 and a 1-year high of $1,003.53.

Graham Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 17th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $7.20 annualized dividend and a yield of 0.79%. Graham’s dividend payout ratio (DPR) is 4.37%.

Analysts Set New Price Targets

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

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.