Heron Bay Capital Management Buys Shares of 22,665 Quad/Graphics, Inc. (NYSE:QUAD)

Heron Bay Capital Management bought a new position in Quad/Graphics, Inc. (NYSE:QUAD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,665 shares of the business services provider’s stock, valued at approximately $124,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Quad/Graphics during the 2nd quarter worth about $68,000. Quadrature Capital Ltd acquired a new stake in Quad/Graphics in the first quarter worth approximately $104,000. EMC Capital Management lifted its position in Quad/Graphics by 11.7% in the first quarter. EMC Capital Management now owns 25,020 shares of the business services provider’s stock worth $133,000 after purchasing an additional 2,623 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Quad/Graphics by 8,613.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 28,231 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 27,907 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Quad/Graphics by 271.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,175 shares of the business services provider’s stock valued at $175,000 after purchasing an additional 23,507 shares during the period. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on QUAD. Rosenblatt Securities upped their price objective on Quad/Graphics from $7.50 to $7.60 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com raised shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $8.50 target price on shares of Quad/Graphics in a report on Friday.

Quad/Graphics Stock Up 2.1 %

Shares of Quad/Graphics stock opened at $4.46 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 5.83. Quad/Graphics, Inc. has a 12-month low of $3.96 and a 12-month high of $6.75. The firm has a market capitalization of $231.64 million, a PE ratio of -3.57 and a beta of 1.60. The stock’s fifty day moving average is $4.83 and its 200-day moving average is $4.97.

Quad/Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The firm had revenue of $634.20 million for the quarter, compared to the consensus estimate of $645.70 million. Quad/Graphics had a positive return on equity of 26.62% and a negative net margin of 2.00%. During the same quarter in the previous year, the company earned $0.02 EPS. Equities analysts anticipate that Quad/Graphics, Inc. will post 0.76 earnings per share for the current year.

Quad/Graphics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 19th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Monday, August 19th. Quad/Graphics’s payout ratio is -16.00%.

Quad/Graphics Profile

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.