Holder Move: As Deluxe Corp (DLX) Share Price Rose, Rk Capital Management LLC Has Trimmed Holding by $3.76 Million

Holder Move: As Deluxe Corp (DLX) Share Price Rose, Rk Capital Management LLC Has Trimmed Holding by $3.76 Million

Rk Capital Management Llc decreased its stake in Deluxe Corp (DLX) by 16.64% based on its latest 2016Q3 regulatory filing with the SEC. Rk Capital Management Llc sold 56,989 shares as the company’s stock rose 0.57% with the market. The hedge fund held 285,393 shares of the publishing company at the end of 2016Q3, valued at $19.07M, down from 342,382 at the end of the previous reported quarter. Rk Capital Management Llc who had been investing in Deluxe Corp for a number of months, seems to be less bullish one the $3.57B market cap company. The stock is up 0.06% or $0.04 hitting $72.4, despite the negative news. About 90,344 shares traded hands. Deluxe Corporation (NYSE:DLX) has risen 8.36% since June 7, 2016 and is uptrending. It has outperformed by 0.93% the S&P500.

Rk Capital Management Llc, which manages about $857.26M and $515.01 million US Long portfolio, upped its stake in Mercury Sys Inc (NASDAQ:MRCY) by 170,531 shares to 393,188 shares, valued at $9.66 million in 2016Q3, according to the filing. It also increased its holding in Pdf Solutions Inc (NASDAQ:PDFS) by 195,577 shares in the quarter, for a total of 737,627 shares, and has risen its stake in Installed Bldg Prods Inc (NYSE:IBP).

Rk Capital Management Llc is a Colorado-based hedge fund with more than $857.26 million AUM in December, 2014. Taken from Rk Capital Management latest Adv, the fund reported to have 11 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q3. Its down 0.34, from 1.14 in 2016Q2. The ratio dived, as 28 funds sold all DLX shares owned while 127 reduced positions. 37 funds bought stakes while 87 increased positions. They now own 43.10 million shares or 0.44% less from 43.29 million shares in 2016Q2. Axiom Interest Invsts Ltd Llc De reported 50,261 shares or 0.09% of all its holdings. Parametric Portfolio Associates Lc has 160,884 shares for 0.02% of their US portfolio. New Amsterdam Prtnrs Limited Liability Corp has invested 2.49% of its portfolio in Deluxe Corporation (NYSE:DLX). The North Carolina-based First Personal Financial has invested 0% in Deluxe Corporation (NYSE:DLX). Mackenzie has 38,167 shares for 0.02% of their US portfolio. Park National Oh has invested 0.02% of its portfolio in Deluxe Corporation (NYSE:DLX). The New York-based Horizon Kinetics Ltd Liability Company has invested 0.02% in Deluxe Corporation (NYSE:DLX). Kennedy Cap Mngmt, a Missouri-based fund reported 110,307 shares. Signaturefd Ltd Liability reported 103 shares or 0% of all its holdings. Legal And General Gp Public Limited Co reported 28,005 shares or 0% of all its holdings. The Texas-based Services Automobile Association has invested 0.06% in Deluxe Corporation (NYSE:DLX). Qs Invsts Ltd Liability holds 0.07% or 137,082 shares in its portfolio. Clark Estates New York, a New York-based fund reported 48,400 shares. Royal State Bank Of Canada has 0% invested in the company for 55,121 shares. Covington Cap Mgmt last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since September 6, 2016, the stock had 0 insider buys, and 3 sales for $3.34 million net activity. On Monday, November 28 BALDWIN RONALD C sold $172,764 worth of the stock or 2,500 shares. $2.61M worth of Deluxe Corporation (NYSE:DLX) was sold by SCHRAM LEE J. Metviner Neil had sold 8,000 shares worth $553,840 on Tuesday, September 6.

Analysts await Deluxe Corporation (NYSE:DLX) to report earnings on January, 26. They expect $1.34 earnings per share, up 6.35% or $0.08 from last year’s $1.26 per share. DLX’s profit will be $66.07M for 13.51 P/E if the $1.34 EPS becomes a reality. After $1.22 actual earnings per share reported by Deluxe Corporation for the previous quarter, Wall Street now forecasts 9.84% EPS growth.

More important recent Deluxe Corporation (NYSE:DLX) news were published by: Streetinsider.com which released: “Deluxe Corp. (DLX) Acquires FMCG Direct for $200M and Updates FY Guidance” on January 06, 2017, also Startribune.com published article titled: “Deluxe Corp. launches web series to highlight its evolution to a small …”, Businesswire.com published: “Deluxe Corporation Appoints Ed Merritt Interim Chief Financial Officer” on August 29, 2016. More interesting news about Deluxe Corporation (NYSE:DLX) was released by: Businesswire.com and their article: “Deluxe Corporation and Robert Herjavec Go “Behind the Business” to Tackle …” with publication date: March 23, 2016.

According to Zacks Investment Research, “Deluxe Corporation, through its industry-leading businesses and brands, helps financial institutions and small businesses better manage, promote, and grow their businesses. The Company uses direct marketing, distributors, and a North American sales force to provide a wide range of customized products and services: personalized printed items checks, forms, business cards, stationery, greeting cards, labels, and retail/packaging supplies, promotional products and merchandising materials, fraud prevention services, and customer retention programs. The Company also sells personalized checks and accessories directly to consumers.”

DLX Company Profile

Deluxe Corporation, incorporated on March 4, 1920, provides payment solutions. The Firm provides a suite of customer life cycle management solutions to its clients across multiple channels. The Firm operates in three divisions: Small Business Services segment, Financial Services segment and Direct Checks segment. The Firm through printed and electronic marketing, a direct sales force, financial institution and telecommunication client referrals, search results from online search engines and independent distributors and dealers, promotes and sells a range of services and products. The Company’s product and service offerings consist of checks, forms and accessories and other products. The forms offered by the Company include deposit tickets and check registers. The Company’s accessories and other products include checkbook covers and stamps.

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