Algert Global LLC Makes New $1.40 Million Investment in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Algert Global LLC purchased a new stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,336 shares of the company’s stock, valued at approximately $1,401,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Donnelley Financial Solutions by 33.0% during the 3rd quarter. Barclays PLC now owns 75,359 shares of the company’s stock worth $4,960,000 after purchasing an additional 18,686 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Donnelley Financial Solutions in the fourth quarter worth about $2,264,000. O Keefe Stevens Advisory Inc. boosted its stake in Donnelley Financial Solutions by 1.4% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company’s stock valued at $14,007,000 after acquiring an additional 2,978 shares during the last quarter. Inspire Investing LLC grew its position in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company’s stock valued at $402,000 after acquiring an additional 177 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Donnelley Financial Solutions by 3.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 16,287 shares of the company’s stock worth $1,022,000 after purchasing an additional 554 shares during the last quarter. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Price Performance

Shares of NYSE DFIN opened at $53.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04. Donnelley Financial Solutions, Inc. has a fifty-two week low of $37.80 and a fifty-two week high of $71.01. The stock has a market cap of $1.48 billion, a PE ratio of 17.44 and a beta of 1.04. The stock has a fifty day moving average of $44.69 and a 200-day moving average of $55.30.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year.

Wall Street Analyst Weigh In

DFIN has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a research report on Monday, April 14th. Needham & Company LLC restated a “buy” rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the transaction, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary G. Greenfield bought 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. The trade was a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.

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).