Multi-Color Corp. (NASDAQ:LABL) insider Nigel A. Vinecombe sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $72.85, for a total transaction of $1,821,250.00. Following the transaction, the insider now owns 13,145 shares in the company, valued at $957,613.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Multi-Color Corp. (NASDAQ:LABL) traded up 1.31% on Thursday, reaching $73.25. 10,117 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $66.20 and a 200-day moving average price of $64.59. The company has a market capitalization of $1240.20 billion, a P/E ratio of 21.87 and a beta of 0.92. Multi-Color Corp. has a 1-year low of $40.15 and a 1-year high of $74.95.

Multi-Color Corp. (NASDAQ:LABL) last issued its earnings results on Wednesday, November 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Multi-Color Corp. had a net margin of 5.55% and a return on equity of 16.38%. The business earned $232.10 million during the quarter, compared to analysts’ expectations of $235.48 million. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts expect that Multi-Color Corp. will post $3.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, November 10th. Multi-Color Corp.’s payout ratio is 6.78%.

LABL has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Multi-Color Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday. Singular Research lifted their price objective on shares of Multi-Color Corp. from $67.00 to $70.00 and gave the stock a “buy – long-term” rating in a research note on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $67.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Multi-Color Corp. by 12.0% in the third quarter. BlackRock Inc. now owns 1,575 shares of the company’s stock valued at $104,000 after buying an additional 169 shares during the last quarter. PineBridge Investments L.P. bought a new position in shares of Multi-Color Corp. during the second quarter valued at about $106,000. Teacher Retirement System of Texas boosted its position in shares of Multi-Color Corp. by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 1,881 shares of the company’s stock valued at $119,000 after buying an additional 233 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of Multi-Color Corp. during the second quarter valued at about $163,000. Finally, Sei Investments Co. boosted its stake in shares of Multi-Color Corp. by 3.9% in the third quarter. Sei Investments Co. now owns 2,676 shares of the company’s stock worth $176,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 75.64% of the company’s stock.

Multi-Color Corp. Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

5 Day Chart for NASDAQ:LABL

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