Ellington Management Group LLC grew its stake in shares of RR Donnelley (NYSE:RRD) by 195.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,300 shares of the business services provider’s stock after purchasing an additional 32,600 shares during the quarter. Ellington Management Group LLC owned approximately 0.07% of RR Donnelley worth $458,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of RRD. Jefferies Group LLC purchased a new stake in shares of RR Donnelley during the fourth quarter valued at $114,000. Virtu Financial LLC purchased a new stake in shares of RR Donnelley during the fourth quarter valued at $117,000. Strs Ohio purchased a new stake in shares of RR Donnelley during the fourth quarter valued at $152,000. Fox Run Management L.L.C. purchased a new stake in shares of RR Donnelley during the fourth quarter valued at $192,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of RR Donnelley during the fourth quarter valued at $217,000. 87.75% of the stock is owned by hedge funds and other institutional investors.
RRD stock opened at $8.62 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.43 and a debt-to-equity ratio of -10.34. The stock has a market capitalization of $606.23, a P/E ratio of 7.18 and a beta of 1.53. RR Donnelley has a 1-year low of $6.51 and a 1-year high of $15.04.
RR Donnelley (NYSE:RRD) last released its quarterly earnings data on Tuesday, February 27th. The business services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. The firm had revenue of $1.93 billion during the quarter. RR Donnelley had a negative return on equity of 47.95% and a negative net margin of 0.49%. During the same quarter in the previous year, the firm earned $0.51 earnings per share. sell-side analysts anticipate that RR Donnelley will post 1.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a $0.14 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.56 annualized dividend and a dividend yield of 6.50%. RR Donnelley’s payout ratio is currently 46.67%.
Separately, ValuEngine lowered shares of RR Donnelley from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd.
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About RR Donnelley
R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.
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