Strs Ohio Sells 65,800 Shares of Deluxe Co. (DLX)
Strs Ohio reduced its stake in Deluxe Co. (NYSE:DLX) by 91.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,900 shares of the business services provider’s stock after selling 65,800 shares during the period. Strs Ohio’s holdings in Deluxe were worth $453,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in Deluxe by 78.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,733 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 764 shares in the last quarter. Flinton Capital Management LLC increased its holdings in Deluxe by 52.6% in the 2nd quarter. Flinton Capital Management LLC now owns 2,320 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 800 shares in the last quarter. Bessemer Group Inc. increased its holdings in Deluxe by 61.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,320 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 883 shares in the last quarter. Stifel Financial Corp acquired a new stake in Deluxe in the 2nd quarter valued at $201,000. Finally, Bradley Foster & Sargent Inc. CT acquired a new stake in Deluxe in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.
Shares of Deluxe Co. (DLX) opened at $69.85 on Monday. Deluxe Co. has a twelve month low of $66.43 and a twelve month high of $78.87. The stock has a market capitalization of $3,352.80, a price-to-earnings ratio of 13.28 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.92 and a quick ratio of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.72%. Deluxe’s payout ratio is currently 25.42%.
In other Deluxe news, insider Malcolm Mcroberts sold 5,402 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $76.45, for a total value of $412,982.90. Following the completion of the transaction, the insider now directly owns 55,702 shares of the company’s stock, valued at approximately $4,258,417.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Julie M. Loosbrock sold 2,198 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $76.37, for a total transaction of $167,861.26. Following the completion of the transaction, the vice president now directly owns 13,286 shares of the company’s stock, valued at $1,014,651.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,630 shares of company stock valued at $2,936,544. 2.40% of the stock is currently owned by corporate insiders.
Deluxe Corporation is a provider of payment solutions. The Company provides a suite of customer life cycle management solutions to its customers across multiple channels. The Company operates in three segments: Small Business Services segment, Financial Services segment and Direct Checks segment. The Company’s product and service offerings consist of checks, forms and accessories, and other products.
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