Tyche Wealth Partners LLC Acquires Shares of 30,000 Quad/Graphics, Inc. (NYSE:QUAD)

Tyche Wealth Partners LLC acquired a new stake in Quad/Graphics, Inc. (NYSE:QUAD) in the fourth quarter, Holdings Channel reports. The fund acquired 30,000 shares of the business services provider’s stock, valued at approximately $163,000.

A number of other hedge funds have also recently added to or reduced their stakes in QUAD. State Street Corp grew its stake in Quad/Graphics by 184.6% in the second quarter. State Street Corp now owns 369,838 shares of the business services provider’s stock valued at $1,017,000 after acquiring an additional 239,891 shares during the period. Northern Trust Corp boosted its position in shares of Quad/Graphics by 365.3% during the second quarter. Northern Trust Corp now owns 284,958 shares of the business services provider’s stock valued at $784,000 after buying an additional 223,720 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Quad/Graphics during the fourth quarter valued at approximately $897,000. Invesco Ltd. boosted its position in shares of Quad/Graphics by 253.0% during the first quarter. Invesco Ltd. now owns 295,977 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 212,132 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Quad/Graphics during the first quarter valued at approximately $781,000. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet raised Quad/Graphics from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th.

Quad/Graphics Stock Performance

Shares of NYSE:QUAD opened at $4.51 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.74 and a debt-to-equity ratio of 3.08. Quad/Graphics, Inc. has a 12-month low of $2.68 and a 12-month high of $6.75. The business’s 50 day moving average is $5.36 and its 200 day moving average is $5.14.

Quad/Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, February 20th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. The company had revenue of $787.90 million for the quarter, compared to analysts’ expectations of $758.40 million. Quad/Graphics had a positive return on equity of 18.28% and a negative net margin of 1.87%. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, equities analysts predict that Quad/Graphics, Inc. will post 0.74 EPS for the current fiscal year.

Quad/Graphics Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.20 dividend on an annualized basis and a yield of 4.43%. Quad/Graphics’s dividend payout ratio (DPR) is presently -17.39%.

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.