Inspire Investing LLC Increases Stake in Graham Holdings (NYSE:GHC)

Inspire Investing LLC lifted its stake in shares of Graham Holdings (NYSE:GHC) by 6.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 500 shares of the company’s stock after acquiring an additional 30 shares during the period. Inspire Investing LLC’s holdings in Graham were worth $350,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GHC. Norges Bank purchased a new position in Graham in the fourth quarter valued at approximately $18,160,000. Quest Partners LLC purchased a new position in Graham in the fourth quarter valued at approximately $73,000. Parallel Advisors LLC raised its holdings in Graham by 43.2% in the fourth quarter. Parallel Advisors LLC now owns 636 shares of the company’s stock valued at $443,000 after buying an additional 192 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in Graham by 22.3% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 1,834 shares of the company’s stock valued at $1,277,000 after buying an additional 334 shares during the period. Finally, Morningstar Investment Services LLC raised its holdings in Graham by 107.0% in the fourth quarter. Morningstar Investment Services LLC now owns 4,789 shares of the company’s stock valued at $3,329,000 after buying an additional 2,475 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Graham Stock Up 1.0 %

Shares of NYSE:GHC opened at $803.58 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt-to-equity ratio of 0.18. Graham Holdings has a 52-week low of $563.39 and a 52-week high of $822.18. The company has a 50 day moving average of $764.82 and a two-hundred day moving average of $741.45. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 13.32 and a beta of 1.11.

Graham (NYSE:GHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $12.70 earnings per share (EPS) for the quarter. Graham had a net margin of 2.89% and a return on equity of 5.22%. The company had revenue of $1.19 billion during the quarter.

Graham Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 17th will be given a dividend of $1.72 per share. This represents a $6.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, October 17th. Graham’s payout ratio is currently 11.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Graham from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

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.