Oarsman Capital Inc. raised its stake in shares of Quad Graphics, Inc (NYSE:QUAD) by 43.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,612 shares of the business services provider’s stock after buying an additional 15,367 shares during the period. Oarsman Capital Inc. owned approximately 0.10% of Quad Graphics worth $1,277,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of Quad Graphics by 17.9% in the first quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock valued at $123,000 after buying an additional 739 shares during the period. Creative Planning raised its position in shares of Quad Graphics by 35.6% in the first quarter. Creative Planning now owns 5,715 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,500 shares during the period. Schroder Investment Management Group purchased a new position in shares of Quad Graphics during the first quarter valued at $229,000. ARP Americas LLC purchased a new position in shares of Quad Graphics during the fourth quarter valued at $241,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of Quad Graphics during the fourth quarter valued at $273,000. 52.39% of the stock is owned by institutional investors.
Quad Graphics, Inc (QUAD) traded up 0.49% during midday trading on Friday, hitting $22.66. The company’s stock had a trading volume of 313,931 shares. The firm has a market cap of $1.18 billion, a P/E ratio of 17.31 and a beta of 1.46. The company’s 50 day moving average price is $23.67 and its 200 day moving average price is $25.13. Quad Graphics, Inc has a 12 month low of $20.43 and a 12 month high of $29.50.
Quad Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, May 2nd. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.14. Quad Graphics had a net margin of 1.55% and a return on equity of 21.12%. The business had revenue of $998.60 million for the quarter. Analysts expect that Quad Graphics, Inc will post $1.69 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Monday, May 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $1.20 annualized dividend and a dividend yield of 5.30%. Quad Graphics’s dividend payout ratio (DPR) is 93.75%.
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QUAD has been the topic of several recent research reports. Macquarie upgraded Quad Graphics from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 29th. TheStreet upgraded Quad Graphics from a “c” rating to a “b-” rating in a research report on Monday, February 27th.
In other news, CFO David J. Honan sold 17,123 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $23.65, for a total value of $404,958.95. Following the transaction, the chief financial officer now directly owns 154,369 shares of the company’s stock, valued at $3,650,826.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Blais sold 17,213 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $23.80, for a total transaction of $409,669.40. Following the completion of the transaction, the insider now directly owns 123,968 shares in the company, valued at $2,950,438.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,243 shares of company stock worth $4,920,903. Company insiders own 12.05% of the company’s stock.
Quad Graphics Company Profile
Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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