Multi-Color Corporation (NASDAQ:LABL) CEO Michael Julian Henry bought 1,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $71.03 per share, for a total transaction of $71,030.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Multi-Color Corporation (LABL) traded down $0.55 during mid-day trading on Friday, hitting $72.75. 111,914 shares of the stock traded hands, compared to its average volume of 58,615. 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 Corporation has a 52 week low of $63.05 and a 52 week high of $88.25. The company has a market capitalization of $1,490.00, a P/E ratio of 20.13 and a beta of 0.77.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.05). Multi-Color Corporation had a return on equity of 15.52% and a net margin of 6.10%. The company had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. During the same period in the prior year, the company earned $0.99 EPS. The firm’s revenue was up 10.3% on a year-over-year basis. sell-side analysts predict that Multi-Color Corporation will post 3.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, November 14th. Multi-Color Corporation’s dividend payout ratio is 5.88%.

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Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of Multi-Color Corporation during the second quarter worth $105,000. SG Americas Securities LLC bought a new stake in shares of Multi-Color Corporation during the third quarter worth $129,000. Pinebridge Investments L.P. increased its position in shares of Multi-Color Corporation by 1.0% during 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 in the last quarter. Zions Bancorporation bought a new stake in shares of Multi-Color Corporation during the third quarter worth $154,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Multi-Color Corporation during the third quarter worth $201,000. 60.66% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on LABL shares. BMO Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Multi-Color Corporation in a report on Wednesday, October 25th. Zacks Investment Research lowered shares of Multi-Color Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Multi-Color Corporation in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $82.75.

About Multi-Color Corporation

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 Corporation (NASDAQ:LABL)

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