Multi-Color Corporation (NASDAQ:LABL) insider Nigel A. Vinecombe sold 14,699 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $82.09, for a total value of $1,206,640.91. Following the completion of the sale, the insider now owns 54,309 shares in the company, valued at approximately $4,458,225.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Multi-Color Corporation (NASDAQ LABL) opened at 81.95 on Friday. The firm’s 50-day moving average price is $79.21 and its 200-day moving average price is $78.07. Multi-Color Corporation has a 52-week low of $63.05 and a 52-week high of $88.25. The stock has a market cap of $1.40 billion, a P/E ratio of 23.62 and a beta of 0.83.

Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $242.47 million. Multi-Color Corporation had a net margin of 6.38% and a return on equity of 15.85%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. Equities analysts predict that Multi-Color Corporation will post $3.98 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, August 11th. Multi-Color Corporation’s payout ratio is currently 5.76%.

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A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Multi-Color Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Multi-Color Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. KeyCorp reiterated a “sell” rating and issued a $67.00 price objective on shares of Multi-Color Corporation in a research report on Friday, August 25th. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 price objective on shares of Multi-Color Corporation in a research report on Monday, September 25th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Multi-Color Corporation in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $81.00.

A number of hedge funds have recently made changes to their positions in the business. Pinebridge Investments L.P. lifted its stake in Multi-Color Corporation by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock worth $143,000 after purchasing an additional 18 shares in the last quarter. Atria Investments LLC lifted its stake in Multi-Color Corporation by 0.8% in the 2nd quarter. Atria Investments LLC now owns 2,968 shares of the business services provider’s stock worth $242,000 after purchasing an additional 24 shares in the last quarter. Texas Permanent School Fund lifted its stake in Multi-Color Corporation by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 9,654 shares of the business services provider’s stock worth $788,000 after purchasing an additional 84 shares in the last quarter. Blair William & Co. IL lifted its stake in Multi-Color Corporation by 2.2% in the 1st quarter. Blair William & Co. IL now owns 4,651 shares of the business services provider’s stock worth $333,000 after purchasing an additional 98 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Multi-Color Corporation by 1.5% in the 1st quarter. Arizona State Retirement System now owns 6,900 shares of the business services provider’s stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

About Multi-Color Corporation

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.

Insider Buying and Selling by Quarter for Multi-Color Corporation (NASDAQ:LABL)

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