Multi-Color Corporation (LABL) CEO Purchases $71,030.00 in Stock
Multi-Color Corporation (NASDAQ:LABL) CEO Michael Julian Henry purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $71.03 per share, with a total value of $71,030.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Multi-Color Corporation (NASDAQ LABL) traded down $0.55 during trading on Friday, reaching $72.75. The company had a trading volume of 111,914 shares, compared to its average volume of 58,615. The stock has a market capitalization of $1,490.00, a price-to-earnings ratio of 20.13 and a beta of 0.77. Multi-Color Corporation has a 52 week low of $63.05 and a 52 week high of $88.25. The company has a quick ratio of 1.48, a current ratio of 1.96 and a debt-to-equity ratio of 1.13.
Multi-Color Corporation (NASDAQ:LABL) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). The business had revenue of $256.03 million during the quarter, compared to analysts’ expectations of $246.61 million. Multi-Color Corporation had a return on equity of 15.52% and a net margin of 6.10%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. equities research analysts predict that Multi-Color Corporation will post 3.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 0.27%. Multi-Color Corporation’s payout ratio is 5.88%.
Several equities research analysts recently commented on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 price target on shares of Multi-Color Corporation in a report on Friday, November 10th. Zacks Investment Research cut Multi-Color Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. KeyCorp reaffirmed a “sell” rating and issued a $67.00 price target on shares of Multi-Color Corporation in a report on Friday, August 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $88.00 price target on shares of Multi-Color Corporation in a report on Monday, September 25th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Multi-Color Corporation currently has an average rating of “Hold” and an average target price of $82.75.
A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. grew its position in Multi-Color Corporation by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock worth $143,000 after acquiring an additional 18 shares during the period. Atria Investments LLC grew its position in Multi-Color Corporation by 0.8% in the second quarter. Atria Investments LLC now owns 2,968 shares of the business services provider’s stock worth $242,000 after acquiring an additional 24 shares during the period. Texas Permanent School Fund grew its position in Multi-Color Corporation by 0.9% in the second quarter. Texas Permanent School Fund now owns 9,654 shares of the business services provider’s stock worth $788,000 after acquiring an additional 84 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Multi-Color Corporation by 3.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,180 shares of the business services provider’s stock worth $341,000 after acquiring an additional 120 shares during the period. Finally, Legal & General Group Plc grew its position in Multi-Color Corporation by 0.9% in the first quarter. Legal & General Group Plc now owns 22,063 shares of the business services provider’s stock worth $1,566,000 after acquiring an additional 190 shares during the period. Institutional investors own 60.66% of the company’s stock.
Multi-Color Corporation 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.
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