ClearAlpha Technologies LP Purchases Shares of 14,704 Deluxe Co. (NYSE:DLX)

ClearAlpha Technologies LP acquired a new position in Deluxe Co. (NYSE:DLX) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 14,704 shares of the business services provider’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Deluxe during the second quarter valued at approximately $26,000. Innealta Capital LLC bought a new stake in Deluxe during the 2nd quarter valued at $30,000. Truvestments Capital LLC bought a new stake in Deluxe in the 3rd quarter worth $32,000. Ariadne Wealth Management LP purchased a new position in shares of Deluxe in the second quarter valued at about $35,000. Finally, CWM LLC raised its stake in shares of Deluxe by 555.6% during the second quarter. CWM LLC now owns 1,757 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,489 shares during the last quarter. Institutional investors own 93.90% of the company’s stock.

Deluxe Stock Performance

Shares of DLX stock opened at $23.77 on Tuesday. 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 stock has a fifty day moving average of $20.67 and a 200 day moving average of $21.15. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 0.65 and a beta of 1.46. Deluxe Co. has a 52 week low of $18.26 and a 52 week high of $24.87.

Deluxe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Tuesday, November 19th. Deluxe’s payout ratio is 96.77%.

Analyst Ratings Changes

Separately, StockNews.com cut Deluxe from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st.

Insider Activity at Deluxe

In other news, CEO Barry C. Mccarthy purchased 2,820 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $53,805.60. Following the completion of the transaction, the chief executive officer now directly owns 178,670 shares of the company’s stock, valued at $3,409,023.60. This trade represents a 1.60 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.23% of the stock is owned by corporate insiders.

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.