Bronte Capital Management Pty Ltd. Has $15.61 Million Stock Position in Graham Holdings (NYSE:GHC)

Bronte Capital Management Pty Ltd. cut its stake in Graham Holdings (NYSE:GHC) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,408 shares of the company’s stock after selling 2,062 shares during the period. Graham makes up 1.5% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 17th largest position. Bronte Capital Management Pty Ltd. owned approximately 0.49% of Graham worth $15,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Graham by 26.2% during the 4th quarter. Signaturefd LLC now owns 260 shares of the company’s stock worth $181,000 after acquiring an additional 54 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Graham by 10.9% in the fourth quarter. Janiczek Wealth Management LLC now owns 286 shares of the company’s stock valued at $199,000 after purchasing an additional 28 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of Graham during the 4th quarter worth approximately $231,000. Western Wealth Management LLC acquired a new stake in shares of Graham in the 4th quarter valued at approximately $233,000. Finally, Johnson Investment Counsel Inc. bought a new position in shares of Graham in the third quarter valued at $248,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Graham Price Performance

Shares of NYSE GHC traded down $0.03 during midday trading on Thursday, reaching $763.07. The company’s stock had a trading volume of 23,945 shares, compared to its average volume of 14,467. The business’s 50 day moving average price is $729.27 and its two-hundred day moving average price is $689.63. Graham Holdings has a fifty-two week low of $551.36 and a fifty-two week high of $771.05. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.57. The company has a market cap of $3.41 billion, a P/E ratio of 12.72 and a beta of 1.11.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $11.24 EPS for the quarter. The business had revenue of $1.15 billion during the quarter. Graham had a net margin of 6.12% and a return on equity of 5.39%.

Graham Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th will be paid a $1.72 dividend. This represents a $6.88 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, July 18th. Graham’s dividend payout ratio (DPR) is currently 11.41%.

Insider Buying and Selling

In other news, Director Katharine Weymouth sold 556 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $712.99, for a total transaction of $396,422.44. Following the completion of the sale, the director now directly owns 1,993 shares of the company’s stock, valued at $1,420,989.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 32.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Graham from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.