Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 15th total of 1,050,000 shares. Approximately 4.6% of the shares of the stock are sold short. Based on an average trading volume of 198,900 shares, the days-to-cover ratio is presently 6.3 days.
Donnelley Financial Solutions Stock Down 0.2 %
DFIN stock traded down $0.13 during midday trading on Friday, reaching $62.06. 210,796 shares of the company’s stock traded hands, compared to its average volume of 206,253. Donnelley Financial Solutions has a 52 week low of $56.02 and a 52 week high of $71.01. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 19.39 and a beta of 1.38. The firm’s fifty day moving average price is $61.00 and its 200-day moving average price is $63.35. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28.
Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The company had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. During the same period in the previous year, the firm earned $0.58 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Donnelley Financial Solutions
Insider Transactions at Donnelley Financial Solutions
In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total transaction of $13,684,377.27. Following the sale, the director now directly owns 774,165 shares of the company’s stock, valued at $45,265,427.55. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David A. Gardella sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, 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 disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.
Institutional Investors Weigh In On Donnelley Financial Solutions
Several large investors have recently made changes to their positions in DFIN. Millennium Management LLC grew its position in Donnelley Financial Solutions by 108.9% during the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after buying an additional 131,994 shares during the period. Jane Street Group LLC increased its stake in shares of Donnelley Financial Solutions by 608.0% during the 3rd quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after purchasing an additional 57,477 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Donnelley Financial Solutions by 324.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,743 shares of the company’s stock worth $3,860,000 after purchasing an additional 49,506 shares during the period. JPMorgan Chase & Co. lifted its stake in Donnelley Financial Solutions by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after purchasing an additional 46,273 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions during the fourth quarter valued at $2,264,000. 93.84% of the stock is owned by hedge funds and other institutional investors.
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).
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