HL Financial Services LLC held its stake in Multi-Color Corporation (NASDAQ:LABL) during the second quarter, according to its most recent filing with the SEC. The fund owned 7,594 shares of the business services provider’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Multi-Color Corporation were worth $620,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LABL. Teachers Advisors LLC boosted its stake in Multi-Color Corporation by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 22,109 shares of the business services provider’s stock valued at $1,716,000 after buying an additional 1,103 shares during the period. First National Bank of Omaha boosted its stake in Multi-Color Corporation by 18.2% in the first quarter. First National Bank of Omaha now owns 44,401 shares of the business services provider’s stock valued at $3,152,000 after buying an additional 6,842 shares during the period. Capstone Asset Management Co. boosted its stake in Multi-Color Corporation by 29.2% in the first quarter. Capstone Asset Management Co. now owns 3,979 shares of the business services provider’s stock valued at $283,000 after buying an additional 899 shares during the period. Atria Investments LLC boosted its stake in 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 valued at $209,000 after buying an additional 119 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Multi-Color Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the business services provider’s stock valued at $383,000 after buying an additional 100 shares during the period. Institutional investors own 77.01% of the company’s stock.

Shares of Multi-Color Corporation (NASDAQ:LABL) opened at 75.75 on Friday. Multi-Color Corporation has a 12-month low of $63.05 and a 12-month high of $88.25. The firm has a 50-day moving average of $80.37 and a 200-day moving average of $77.19. The firm has a market capitalization of $1.29 billion, a PE ratio of 21.83 and a beta of 0.83.

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

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

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Several equities research analysts have recently weighed in on LABL shares. Zacks Investment Research upgraded shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Friday, June 2nd. BidaskClub cut shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Multi-Color Corporation presently has a consensus rating of “Hold” and an average target price of $78.60.

In other Multi-Color Corporation news, CFO Sharon E. Birkett sold 5,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $86.20, for a total transaction of $431,000.00. Following the transaction, the chief financial officer now directly owns 6,342 shares of the company’s stock, valued at approximately $546,680.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles B. Connolly sold 8,700 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $85.06, for a total transaction of $740,022.00. Following the transaction, the director now directly owns 3,470 shares in the company, valued at $295,158.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,700 shares of company stock worth $3,330,772. Insiders own 19.40% of the company’s stock.

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.

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Institutional Ownership by Quarter for Multi-Color Corporation (NASDAQ:LABL)

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