Donnelley Financial Solutions, Inc. (NYSE:DFIN) Sees Significant Growth in Short Interest

Donnelley Financial Solutions, Inc. (NYSE:DFIN) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, an increase of 20.0% from the December 15th total of 1,050,000 shares. Based on an average daily volume of 198,900 shares, the short-interest ratio is presently 6.3 days. Currently, 4.6% of the company’s stock are short sold.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the completion of the sale, the chief financial officer now directly owns 197,406 shares of the company’s stock, valued at $12,373,408.08. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares in the company, valued at approximately $45,265,427.55. The trade was a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several large investors have recently modified their holdings of DFIN. Farther Finance Advisors LLC grew its position in Donnelley Financial Solutions by 781.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after buying an additional 422 shares during the last quarter. Quarry LP boosted its holdings in shares of Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after acquiring an additional 621 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Donnelley Financial Solutions during the 3rd quarter worth approximately $74,000. Atria Investments Inc acquired a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at approximately $225,000. Finally, Aigen Investment Management LP acquired a new position in Donnelley Financial Solutions during the third quarter worth $248,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded down $0.13 during trading on Friday, reaching $62.06. The company’s stock had a trading volume of 210,796 shares, compared to its average volume of 206,253. Donnelley Financial Solutions has a fifty-two week low of $56.02 and a fifty-two week high of $71.01. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.79 billion, a PE ratio of 19.39 and a beta of 1.38. The company has a 50-day moving average price of $61.00 and a two-hundred day moving average price of $63.35.

Donnelley Financial Solutions (NYSE:DFIN) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business had revenue of $179.50 million for the quarter, compared to analyst estimates of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. Donnelley Financial Solutions’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. B. Riley dropped their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).