Hussman Strategic Advisors Inc. Invests $2.98 Million in Graham Holdings Company $GHC

Hussman Strategic Advisors Inc. acquired a new position in Graham Holdings Company (NYSE:GHC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,150 shares of the company’s stock, valued at approximately $2,980,000. Hussman Strategic Advisors Inc. owned about 0.07% of Graham at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC boosted its holdings in Graham by 3.4% in the 1st quarter. DAVENPORT & Co LLC now owns 600 shares of the company’s stock valued at $577,000 after purchasing an additional 20 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Graham by 1.9% in the first quarter. Principal Financial Group Inc. now owns 8,619 shares of the company’s stock valued at $8,282,000 after buying an additional 158 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Graham by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,332 shares of the company’s stock valued at $2,241,000 after buying an additional 63 shares during the period. M&T Bank Corp acquired a new stake in Graham during the first quarter worth about $222,000. Finally, Nisa Investment Advisors LLC increased its stake in Graham by 216.7% during the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock valued at $37,000 after acquiring an additional 26 shares during the period. Institutional investors own 93.16% of the company’s stock.

Graham Trading Up 2.3%

Shares of GHC stock opened at $1,035.64 on Tuesday. The company has a market capitalization of $4.52 billion, a P/E ratio of 6.19 and a beta of 0.88. Graham Holdings Company has a 12-month low of $840.50 and a 12-month high of $1,200.00. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $1,091.09 and a 200 day moving average price of $1,002.50.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $14.08 earnings per share for the quarter, topping the consensus estimate of $12.36 by $1.72. Graham had a net margin of 14.93% and a return on equity of 6.34%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.19 billion.

Graham Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 16th. Graham’s dividend payout ratio (DPR) is currently 4.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GHC shares. Weiss Ratings lowered shares of Graham from a “buy (a-)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Wall Street Zen raised shares of Graham from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Graham currently has an average rating of “Buy”.

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.