Multi-Color (LABL) Hits New 1-Year High and Low at $61.45

Shares of Multi-Color Co. (NASDAQ:LABL) reached a new 52-week high and low on Wednesday . The company traded as low as $61.45 and last traded at $61.85, with a volume of 129616 shares. The stock had previously closed at $62.95.

A number of research firms have weighed in on LABL. ValuEngine lowered Multi-Color from a “sell” rating to a “strong sell” rating in a report on Tuesday. BidaskClub lowered Multi-Color from a “sell” rating to a “strong sell” rating in a report on Monday, May 14th. Zacks Investment Research upgraded Multi-Color from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. TheStreet lowered Multi-Color from a “b-” rating to a “c+” rating in a report on Monday, March 5th. Finally, Sidoti upgraded Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a report on Monday, March 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $77.40.

The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21. The firm has a market cap of $1.26 billion, a P/E ratio of 17.30 and a beta of 0.88.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.32%. Multi-Color’s dividend payout ratio is presently 5.54%.

In other Multi-Color news, Director Ari J. Benacerraf acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $65.20 per share, for a total transaction of $260,800.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LABL. Schwab Charles Investment Management Inc. lifted its holdings in shares of Multi-Color by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 66,699 shares of the business services provider’s stock valued at $4,993,000 after purchasing an additional 1,991 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Multi-Color by 8.6% in the 4th quarter. Fisher Asset Management LLC now owns 47,844 shares of the business services provider’s stock valued at $3,581,000 after acquiring an additional 3,804 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Multi-Color in the 4th quarter valued at $1,432,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Multi-Color by 6.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 763,525 shares of the business services provider’s stock valued at $57,149,000 after acquiring an additional 47,050 shares during the period. Finally, First National Bank of Omaha increased its position in shares of Multi-Color by 16.4% in the 4th quarter. First National Bank of Omaha now owns 54,901 shares of the business services provider’s stock valued at $4,110,000 after acquiring an additional 7,723 shares during the period. Hedge funds and other institutional investors own 67.95% of the company’s stock.

Multi-Color Company Profile

Multi-Color Corporation provides various label solutions. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; shrink sleeve labels; cut and stack glue-applied labels comprising peel-away promotional labels, thermochromics, holographics, and metalized films; and promotional products, such as scratch-off coupons, static-clings, and tags.

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