Christopher B. Harned Purchases 4,350 Shares of Quad/Graphics, Inc. (NYSE:QUAD) Stock

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Quad/Graphics, Inc. (NYSE:QUAD) Director Christopher B. Harned purchased 4,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average cost of $4.14 per share, for a total transaction of $18,009.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of QUAD opened at $4.38 on Friday. Quad/Graphics, Inc. has a twelve month low of $4.10 and a twelve month high of $17.58. The company has a market cap of $240.46 million, a P/E ratio of 2.45 and a beta of 1.58. The company has a current ratio of 1.06, a quick ratio of 0.70 and a debt-to-equity ratio of 4.95. The company’s fifty day simple moving average is $9.05 and its 200-day simple moving average is $9.39.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.10 earnings per share for the quarter. Quad/Graphics had a negative net margin of 4.47% and a positive return on equity of 5.35%. The business had revenue of $943.60 million for the quarter. Analysts predict that Quad/Graphics, Inc. will post -0.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.70%. The ex-dividend date is Friday, November 15th. Quad/Graphics’s dividend payout ratio is currently 67.04%.

Several institutional investors and hedge funds have recently made changes to their positions in QUAD. JPMorgan Chase & Co. raised its stake in shares of Quad/Graphics by 157.7% in the second quarter. JPMorgan Chase & Co. now owns 1,613,631 shares of the business services provider’s stock valued at $12,925,000 after acquiring an additional 987,386 shares during the period. Glazer Capital LLC raised its stake in shares of Quad/Graphics by 36.1% in the second quarter. Glazer Capital LLC now owns 495,892 shares of the business services provider’s stock valued at $3,923,000 after acquiring an additional 131,609 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Quad/Graphics by 10.1% in the second quarter. Nuveen Asset Management LLC now owns 1,273,661 shares of the business services provider’s stock valued at $10,075,000 after acquiring an additional 117,006 shares during the period. Vanguard Group Inc. raised its stake in shares of Quad/Graphics by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,089,807 shares of the business services provider’s stock valued at $32,351,000 after acquiring an additional 98,243 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Quad/Graphics by 28.0% in the second quarter. Bank of America Corp DE now owns 409,462 shares of the business services provider’s stock valued at $3,238,000 after acquiring an additional 89,666 shares during the period. 58.99% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on QUAD. Buckingham Research downgraded shares of Quad/Graphics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $7.00 in a research note on Wednesday, October 30th. Zacks Investment Research downgraded shares of Quad/Graphics from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet downgraded shares of Quad/Graphics from a “c-” rating to a “d+” rating in a research note on Friday, November 1st. Finally, ValuEngine raised shares of Quad/Graphics from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.

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, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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