Seizert Capital Partners LLC Trims Stake in Graham Holdings Company (NYSE:GHC)

Seizert Capital Partners LLC decreased its holdings in Graham Holdings Company (NYSE:GHC) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,293 shares of the company’s stock after selling 299 shares during the quarter. Seizert Capital Partners LLC’s holdings in Graham were worth $11,812,000 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 stock. Federated Hermes Inc. boosted its holdings in shares of Graham by 7.8% during the 1st quarter. Federated Hermes Inc. now owns 319 shares of the company’s stock worth $307,000 after purchasing an additional 23 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Graham by 13.8% during the first quarter. Mackenzie Financial Corp now owns 1,008 shares of the company’s stock worth $969,000 after acquiring an additional 122 shares during the period. HB Wealth Management LLC acquired a new stake in Graham in the first quarter valued at approximately $234,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Graham in the first quarter valued at $40,000. Finally, Assetmark Inc. lifted its stake in Graham by 31.4% during the first quarter. Assetmark Inc. now owns 791 shares of the company’s stock worth $760,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Graham from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 23rd.

Graham Trading Up 0.9%

Shares of Graham stock opened at $922.98 on Wednesday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 6.47 and a beta of 0.92. The company’s 50-day simple moving average is $936.25 and its 200-day simple moving average is $935.97. Graham Holdings Company has a 52-week low of $691.41 and a 52-week high of $1,015.00. The company has a quick ratio of 1.41, a current ratio of 1.62 and a debt-to-equity ratio of 0.17.

Graham (NYSE:GHC) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $11.64 EPS for the quarter, topping the consensus estimate of $11.29 by $0.35. Graham had a return on equity of 6.80% and a net margin of 12.99%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.20 billion.

Graham Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Investors of record on Thursday, July 17th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $7.20 annualized dividend and a dividend yield of 0.78%. Graham’s dividend payout ratio is currently 5.05%.

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.