Graham (GHC) Hits New 12-Month High at $706.40

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Graham Holdings Co (NYSE:GHC) shares reached a new 52-week high during trading on Thursday . The company traded as high as $706.40 and last traded at $702.51, with a volume of 284 shares changing hands. The stock had previously closed at $701.52.

Separately, ValuEngine downgraded Graham from a “buy” rating to a “hold” rating in a research report on Monday, April 1st.

The company has a quick ratio of 1.80, a current ratio of 1.89 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.71 billion, a P/E ratio of 14.37 and a beta of 0.40.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 18th will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 0.79%. The ex-dividend date is Wednesday, April 17th.

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new stake in shares of Graham in the 4th quarter valued at approximately $28,000. Loeb Partners Corp acquired a new position in shares of Graham in the fourth quarter worth about $31,000. First Hawaiian Bank lifted its stake in shares of Graham by 281.8% in the first quarter. First Hawaiian Bank now owns 84 shares of the company’s stock worth $57,000 after acquiring an additional 62 shares in the last quarter. Parallel Advisors LLC increased its holdings in Graham by 12.3% in the fourth quarter. Parallel Advisors LLC now owns 164 shares of the company’s stock valued at $105,000 after buying an additional 18 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Graham in the fourth quarter valued at about $130,000. 69.74% of the stock is currently owned by institutional investors and hedge funds.

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About Graham (NYSE:GHC)

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials, as well as data science education, and training and healthcare simulation services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to Purdue University Global.

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