Multi-Color Co. (NASDAQ:LABL) Director Robert R. Buck sold 9,530 shares of Multi-Color stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $72.06, for a total value of $686,731.80. Following the completion of the transaction, the director now owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Multi-Color Co. (NASDAQ LABL) traded down $0.25 on Friday, hitting $71.85. The stock had a trading volume of 46,200 shares, compared to its average volume of 74,078. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. Multi-Color Co. has a twelve month low of $63.05 and a twelve month high of $88.25. The firm has a market capitalization of $1,473.77, a PE ratio of 20.03 and a beta of 0.73.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.05). The company had revenue of $256.03 million during the quarter, compared to analyst estimates of $246.61 million. Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. equities research analysts forecast that Multi-Color Co. will post 3.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, November 14th. Multi-Color’s dividend payout ratio (DPR) is presently 5.90%.

A number of analysts have issued reports on the company. BidaskClub downgraded Multi-Color from a “sell” rating to a “strong sell” rating in a report on Friday. BMO Capital Markets reaffirmed a “hold” rating and set a $88.00 price target on shares of Multi-Color in a report on Monday, September 25th. Robert W. Baird reaffirmed a “hold” rating on shares of Multi-Color in a report on Friday, September 1st. KeyCorp reaffirmed a “sell” rating and set a $67.00 price target on shares of Multi-Color in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded Multi-Color from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Monday, September 4th. 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 presently has a consensus rating of “Hold” and an average target price of $82.75.

A number of hedge funds have recently modified their holdings of LABL. California Public Employees Retirement System increased its position in Multi-Color by 7.1% during the 3rd quarter. California Public Employees Retirement System now owns 38,120 shares of the business services provider’s stock worth $3,124,000 after purchasing an additional 2,520 shares during the period. Zions Bancorporation acquired a new position in Multi-Color during the 3rd quarter worth approximately $154,000. Magnetar Financial LLC acquired a new position in Multi-Color during the 3rd quarter worth approximately $203,000. Dimensional Fund Advisors LP increased its position in Multi-Color by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 660,588 shares of the business services provider’s stock worth $54,135,000 after purchasing an additional 13,868 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Multi-Color by 10.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 64,708 shares of the business services provider’s stock worth $5,303,000 after acquiring an additional 6,344 shares in the last quarter. Hedge funds and other institutional investors own 66.62% of the company’s stock.

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About Multi-Color

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 (NASDAQ:LABL)

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