Deluxe Co. (NYSE:DLX) Short Interest Down 6.8% in November

Deluxe Co. (NYSE:DLX - Get Free Report) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,340,000 shares, a decline of 6.8% from the November 15th total of 2,510,000 shares. Based on an average daily volume of 229,800 shares, the days-to-cover ratio is presently 10.2 days.

Deluxe Stock Performance

NYSE:DLX traded up $0.25 during trading hours on Monday, reaching $23.57. The company had a trading volume of 230,104 shares, compared to its average volume of 230,607. Deluxe has a 1-year low of $18.48 and a 1-year high of $24.87. The firm has a market cap of $1.04 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52. The business's 50 day moving average price is $21.55 and its 200-day moving average price is $21.22. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.92 and a quick ratio of 0.83.

Deluxe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Tuesday, November 19th. Deluxe's dividend payout ratio (DPR) is presently 96.77%.

Analyst Ratings Changes

Separately, StockNews.com raised Deluxe from a "buy" rating to a "strong-buy" rating in a report on Thursday.

Insider Buying and Selling

In other news, CEO Barry C. Mccarthy bought 2,290 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $23.57 per share, with a total value of $53,975.30. Following the completion of the acquisition, the chief executive officer now directly owns 180,960 shares of the company's stock, valued at $4,265,227.20. This trade represents a 1.28 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.23% of the company's stock.

Institutional Trading of Deluxe

A number of institutional investors and hedge funds have recently made changes to their positions in DLX. Dimensional Fund Advisors LP increased its position in shares of Deluxe by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,327 shares of the business services provider's stock valued at $45,824,000 after buying an additional 123,361 shares in the last quarter. Millennium Management LLC increased its position in shares of Deluxe by 249.9% during the second quarter. Millennium Management LLC now owns 169,473 shares of the business services provider's stock worth $3,806,000 after purchasing an additional 121,042 shares in the last quarter. Arjuna Capital purchased a new stake in shares of Deluxe during the third quarter worth approximately $1,490,000. Intech Investment Management LLC purchased a new stake in shares of Deluxe during the third quarter worth approximately $1,303,000. Finally, Barclays PLC increased its position in shares of Deluxe by 73.2% during the third quarter. Barclays PLC now owns 148,447 shares of the business services provider's stock worth $2,893,000 after purchasing an additional 62,715 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.