Advisor Group Inc. acquired a new stake in shares of Quad/Graphics, Inc. (NYSE:QUAD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,193 shares of the business services provider’s stock, valued at approximately $186,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QUAD. Trilogy Capital Inc. purchased a new position in shares of Quad/Graphics during the 4th quarter valued at about $209,000. Teacher Retirement System of Texas purchased a new position in shares of Quad/Graphics during the 4th quarter valued at about $240,000. Macquarie Group Ltd. purchased a new position in shares of Quad/Graphics during the 3rd quarter valued at about $326,000. American International Group Inc. raised its stake in shares of Quad/Graphics by 15.4% during the 4th quarter. American International Group Inc. now owns 24,612 shares of the business services provider’s stock valued at $556,000 after buying an additional 3,293 shares during the last quarter. Finally, Thrivent Financial For Lutherans purchased a new position in shares of Quad/Graphics during the 4th quarter valued at about $676,000. Institutional investors and hedge funds own 50.77% of the company’s stock.
Shares of Quad/Graphics stock opened at $24.88 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.76. Quad/Graphics, Inc. has a twelve month low of $18.16 and a twelve month high of $31.29. The stock has a market capitalization of $1,333.49, a P/E ratio of 14.06 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Monday, March 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.20 annualized dividend and a dividend yield of 4.82%.
In related news, Director Douglas P. Buth sold 2,500 shares of Quad/Graphics stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $31.02, for a total value of $77,550.00. Following the completion of the transaction, the director now owns 60,092 shares in the company, valued at approximately $1,864,053.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman J Joel Quadracci sold 173,880 shares of Quad/Graphics stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $27.16, for a total value of $4,722,580.80. Following the completion of the transaction, the chairman now owns 1,038,065 shares of the company’s stock, valued at approximately $28,193,845.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,136 shares of company stock valued at $9,701,909. 12.05% of the stock is owned by company insiders.
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Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.
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