Dynamic Technology Lab Private Ltd Grows Stock Holdings in Deluxe Co. (NYSE:DLX)

Dynamic Technology Lab Private Ltd grew its stake in Deluxe Co. (NYSE:DLX) by 53.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,105 shares of the business services provider’s stock after purchasing an additional 15,052 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.10% of Deluxe worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in DLX. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Deluxe in the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new stake in shares of Deluxe in the second quarter valued at about $30,000. Ariadne Wealth Management LP acquired a new stake in Deluxe during the second quarter worth about $35,000. CWM LLC raised its stake in Deluxe by 555.6% during the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,489 shares during the period. Finally, Security National Bank acquired a new position in Deluxe in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 93.90% of the company’s stock.

Deluxe Stock Performance

Shares of Deluxe stock opened at $23.27 on Thursday. The business’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $21.15. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 2.38. The firm has a market cap of $1.03 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. Deluxe Co. has a 52 week low of $17.60 and a 52 week high of $24.87.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.16%. The ex-dividend date is Tuesday, November 19th. Deluxe’s dividend payout ratio (DPR) is presently 96.77%.

Insider Buying and Selling at Deluxe

In related news, CEO Barry C. Mccarthy acquired 2,820 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $19.08 per share, with a total value of $53,805.60. Following the transaction, the chief executive officer now owns 178,670 shares of the company’s stock, valued at approximately $3,409,023.60. This trade represents a 1.60 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Deluxe from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st.

Deluxe Company Profile

Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses.