Hillsdale Investment Management Inc. Cuts Stock Position in Quad/Graphics, Inc. (NYSE:QUAD)

Hillsdale Investment Management Inc. trimmed its holdings in Quad/Graphics, Inc. (NYSE:QUAD) by 7.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,100 shares of the business services provider’s stock after selling 4,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Quad/Graphics were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of Quad/Graphics during the fourth quarter worth $116,000. Semanteon Capital Management LP purchased a new position in shares of Quad/Graphics during the fourth quarter valued at about $249,000. HighTower Advisors LLC purchased a new position in shares of Quad/Graphics during the fourth quarter valued at about $847,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Quad/Graphics by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 83,705 shares of the business services provider’s stock worth $583,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Bailard Inc. bought a new position in Quad/Graphics during the fourth quarter valued at approximately $253,000. Hedge funds and other institutional investors own 39.52% of the company’s stock.

Quad/Graphics Price Performance

NYSE:QUAD opened at $5.53 on Tuesday. The firm has a market capitalization of $289.22 million, a price-to-earnings ratio of -5.07 and a beta of 1.76. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. The business has a 50 day simple moving average of $6.46 and a 200-day simple moving average of $6.38. Quad/Graphics, Inc. has a 1 year low of $4.06 and a 1 year high of $9.13.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. The company had revenue of $708.40 million during the quarter, compared to the consensus estimate of $726.70 million. Equities analysts forecast that Quad/Graphics, Inc. will post 1.08 EPS for the current year.

Quad/Graphics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.43%. This is an increase from Quad/Graphics’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 28th. Quad/Graphics’s dividend payout ratio is presently -27.52%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.30 price objective on shares of Quad/Graphics in a research note on Tuesday, February 18th. Barrington Research restated an “outperform” rating and issued a $10.00 price target on shares of Quad/Graphics in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 20th.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.