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

Hillsdale Investment Management Inc. decreased its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,100 shares of the business services provider’s stock after selling 4,000 shares during the period. Hillsdale Investment Management Inc. owned 0.09% of Quad/Graphics worth $328,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in Quad/Graphics by 16.1% during the 4th quarter. SG Americas Securities LLC now owns 13,851 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 1,922 shares during the last quarter. FMR LLC lifted its stake in shares of Quad/Graphics by 1,103.6% in the third quarter. FMR LLC now owns 22,050 shares of the business services provider’s stock worth $100,000 after buying an additional 20,218 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Quad/Graphics during the fourth quarter valued at approximately $116,000. Stifel Financial Corp increased its position in shares of Quad/Graphics by 61.9% during the third quarter. Stifel Financial Corp now owns 31,060 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 11,874 shares in the last quarter. Finally, EMC Capital Management raised its holdings in Quad/Graphics by 835.7% in the 4th quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock worth $174,000 after acquiring an additional 22,346 shares during the last quarter. 39.52% of the stock is currently owned by hedge funds and other institutional investors.

Quad/Graphics Stock Performance

QUAD stock opened at $5.53 on Tuesday. The company has a debt-to-equity ratio of 8.35, a current ratio of 0.85 and a quick ratio of 0.56. Quad/Graphics, Inc. has a 1 year low of $4.06 and a 1 year high of $9.13. The company has a market cap of $289.22 million, a P/E ratio of -5.07 and a beta of 1.76. The stock’s fifty day moving average price is $6.46 and its 200-day moving average price is $6.38.

Quad/Graphics (NYSE:QUAD) last released 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 negative net margin of 1.90% and a positive return on equity of 58.44%. The firm had revenue of $708.40 million for the quarter, compared to the consensus estimate of $726.70 million. On average, equities analysts forecast that Quad/Graphics, Inc. will post 1.08 earnings per share for the current year.

Quad/Graphics Increases Dividend

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

Wall Street Analyst Weigh In

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

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.