Hillsdale Investment Management Inc. Boosts Stake in Quad Graphics, Inc $QUAD

Hillsdale Investment Management Inc. raised its position in Quad Graphics, Inc (NYSE:QUAD) by 192.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,297 shares of the business services provider’s stock after buying an additional 100,197 shares during the period. Hillsdale Investment Management Inc.’s holdings in Quad Graphics were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QUAD. AQR Capital Management LLC purchased a new position in Quad Graphics in the 1st quarter valued at about $2,101,000. Jones Financial Companies Lllp lifted its position in shares of Quad Graphics by 1,135.6% during the first quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock worth $103,000 after purchasing an additional 17,408 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Quad Graphics by 7.3% during the first quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 21,448 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Quad Graphics during the first quarter worth about $144,000. Finally, Geode Capital Management LLC lifted its position in shares of Quad Graphics by 0.3% during the second quarter. Geode Capital Management LLC now owns 703,720 shares of the business services provider’s stock worth $3,977,000 after purchasing an additional 1,837 shares during the last quarter. 39.52% of the stock is owned by hedge funds and other institutional investors.

Quad Graphics Price Performance

Shares of NYSE:QUAD opened at $7.47 on Tuesday. The firm’s 50 day moving average is $7.25 and its two-hundred day moving average is $6.61. Quad Graphics, Inc has a 52 week low of $5.01 and a 52 week high of $8.64. The firm has a market capitalization of $385.15 million, a P/E ratio of 13.34 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.65 and a debt-to-equity ratio of 3.04.

Quad Graphics (NYSE:QUAD) last announced its quarterly earnings results on Tuesday, April 28th. The business services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Quad Graphics had a net margin of 1.16% and a return on equity of 47.27%. The company had revenue of $581.00 million for the quarter, compared to analyst estimates of $581.07 million. Analysts anticipate that Quad Graphics, Inc will post 1.2 earnings per share for the current year.

Quad Graphics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Thursday, May 21st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Thursday, May 21st. Quad Graphics’s dividend payout ratio is 71.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on QUAD shares. Rosenblatt Securities increased their price target on shares of Quad Graphics from $8.20 to $9.80 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Benchmark began coverage on shares of Quad Graphics in a research note on Tuesday, April 7th. They set a “buy” rating and a $10.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Quad Graphics in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Quad Graphics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Quad Graphics has a consensus rating of “Moderate Buy” and an average price target of $9.93.

Quad Graphics Profile

Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels.

The company’s core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays.