Louisiana State Employees Retirement System continued to hold its position in shares of Multi-Color Corporation (NASDAQ:LABL) during the second quarter, Holdings Channel reports. The institutional investor owned 5,400 shares of the business services provider’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Multi-Color Corporation were worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Multi-Color Corporation by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 1,460 shares of the business services provider’s stock worth $103,000 after buying an additional 40 shares during the last quarter. US Bancorp DE increased its position in shares of Multi-Color Corporation by 88.7% in the first quarter. US Bancorp DE now owns 1,838 shares of the business services provider’s stock worth $130,000 after buying an additional 864 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Multi-Color Corporation by 100.6% in the first quarter. Victory Capital Management Inc. now owns 2,293 shares of the business services provider’s stock worth $163,000 after buying an additional 1,150 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Multi-Color Corporation by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,466 shares of the business services provider’s stock worth $175,000 after buying an additional 236 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of Multi-Color Corporation by 4.2% in the first quarter. Atria Investments LLC now owns 2,944 shares of the business services provider’s stock worth $209,000 after buying an additional 119 shares during the last quarter. 77.01% of the stock is owned by institutional investors.

Shares of Multi-Color Corporation (LABL) traded up 0.53% on Friday, hitting $75.75. The stock had a trading volume of 67,876 shares. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 21.83 and a beta of 0.83. The firm’s 50-day moving average is $80.37 and its 200-day moving average is $77.19. Multi-Color Corporation has a one year low of $63.05 and a one year high of $88.25.

Multi-Color Corporation (NASDAQ:LABL) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The company had revenue of $242.40 million for the quarter, compared to the consensus estimate of $242.47 million. During the same period last year, the business posted $0.95 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect that Multi-Color Corporation will post $3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. Multi-Color Corporation’s dividend payout ratio (DPR) is currently 5.76%.

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A number of research analysts have issued reports on LABL shares. Zacks Investment Research raised Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Friday, June 2nd. BidaskClub downgraded Multi-Color Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.60.

In other Multi-Color Corporation news, CFO Sharon E. Birkett sold 5,000 shares of Multi-Color Corporation stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $86.20, for a total value of $431,000.00. Following the transaction, the chief financial officer now directly owns 6,342 shares in the company, valued at approximately $546,680.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles B. Connolly sold 8,700 shares of Multi-Color Corporation stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $85.06, for a total value of $740,022.00. Following the completion of the transaction, the director now owns 3,470 shares in the company, valued at $295,158.20. The disclosure for this sale can be found here. Insiders sold a total of 38,700 shares of company stock worth $3,330,772 over the last quarter. Company insiders own 19.40% 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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Institutional Ownership by Quarter for Multi-Color Corporation (NASDAQ:LABL)

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