Multi-Color Co. (LABL) Director Sells $686,731.80 in Stock

Multi-Color Co. (NASDAQ:LABL) Director Robert R. Buck sold 9,530 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $72.06, for a total transaction of $686,731.80. Following the transaction, the director now owns 17,441 shares in the company, valued at $1,256,798.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Multi-Color Co. (NASDAQ LABL) opened at $73.55 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.96 and a quick ratio of 1.48. The firm has a market cap of $1,503.44, a PE ratio of 20.43 and a beta of 0.73. Multi-Color Co. has a 52 week low of $63.05 and a 52 week high of $88.25.

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

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Tuesday, November 14th. Multi-Color’s payout ratio is 5.90%.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Multi-Color from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research note on Wednesday, October 11th. Robert W. Baird reiterated a “hold” rating and issued a $80.00 target price on shares of Multi-Color in a research note on Friday, November 10th. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Multi-Color in a research note on Wednesday, October 25th. Finally, BidaskClub cut shares of Multi-Color from a “sell” rating to a “strong sell” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $82.75.

Several hedge funds have recently made changes to their positions in LABL. Acrospire Investment Management LLC purchased a new stake in shares of Multi-Color during the 2nd quarter valued at approximately $105,000. SG Americas Securities LLC purchased a new stake in shares of Multi-Color during the 3rd quarter valued at approximately $129,000. Pinebridge Investments L.P. lifted its stake in shares of Multi-Color by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock valued at $143,000 after buying an additional 18 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Multi-Color during the 3rd quarter valued at approximately $154,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Multi-Color during the 3rd quarter valued at approximately $201,000. Institutional investors own 66.62% of the company’s stock.

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Multi-Color 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.

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

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