1,623 Shares in Deluxe Co. (NYSE:DLX) Acquired by Truvestments Capital LLC

Truvestments Capital LLC purchased a new position in shares of Deluxe Co. (NYSE:DLX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,623 shares of the business services provider’s stock, valued at approximately $32,000.

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

Insider Transactions at Deluxe

In other Deluxe news, CEO Barry C. Mccarthy purchased 2,820 shares of Deluxe stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $19.08 per share, with a total value of $53,805.60. Following the acquisition, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. This represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.23% of the company’s stock.

Deluxe Price Performance

Shares of NYSE DLX opened at $23.27 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $1.03 billion, a PE ratio of 18.77, a P/E/G ratio of 0.66 and a beta of 1.46. The stock has a fifty day moving average price of $20.38 and a 200 day moving average price of $21.15. Deluxe Co. has a 1-year low of $17.60 and a 1-year high of $24.87.

Deluxe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Tuesday, November 19th. Deluxe’s payout ratio is 96.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a research 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.