Donnelley Financial Solutions, Inc. (NYSE:DFIN) Short Interest Update

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 31st total of 1,050,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 198,900 shares, the short-interest ratio is currently 6.3 days.

Insider Transactions at Donnelley Financial Solutions

In related news, Director Jeffrey Jacobowitz sold 234,041 shares of the firm’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 value 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. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David A. Gardella sold 3,000 shares of Donnelley Financial Solutions stock in a transaction that occurred 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 sale, the chief financial officer now owns 197,406 shares of the company’s stock, valued at approximately $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after acquiring an additional 131,994 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Donnelley Financial Solutions by 608.0% in the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after buying an additional 57,477 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after buying an additional 46,273 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions during the fourth quarter valued at approximately $2,264,000. Finally, Rice Hall James & Associates LLC grew its holdings in Donnelley Financial Solutions by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock valued at $59,218,000 after buying an additional 24,869 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley dropped their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, January 15th.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN traded down $0.66 during trading hours on Friday, reaching $66.43. The company had a trading volume of 140,418 shares, compared to its average volume of 155,968. The firm’s 50 day moving average price is $61.91 and its 200-day moving average price is $63.76. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 20.76 and a beta of 1.38. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions has a 52 week low of $56.02 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.48 EPS 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 analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. Donnelley Financial Solutions’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS.

About Donnelley Financial Solutions

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).