NEW YORK (TheStreet) -- Outerwall  (OUTR) stock closed up by 9.01% to $37.49 on Tuesday, after the company announced it was exploring "strategic and financial alternatives to maximize shareholder value."

The Bellevue, WA-based operator of Redbox and Coinstar hired Morgan Stanley to serve as its financial adviser, the company said in a statement on Monday. 

Additionally, Outerwall raised its dividend by 100% to 60 cents per share. The dividend is payable on June 21. 

"The increase of our quarterly dividend to this sustainable level, and the decision to explore strategic and financial alternatives both clearly demonstrate that the Outerwall Board of Directors and management team are committed to acting in the best interests of the company and all shareholders," CEO Erik Prusch said in a statement. 

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: OUTR

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