Boothbay Fund Management LLC Acquires New Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Boothbay Fund Management LLC acquired a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,564 shares of the company's stock, valued at approximately $976,000. Boothbay Fund Management LLC owned about 0.05% of Donnelley Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Donnelley Financial Solutions during the 4th quarter worth $10,373,000. Winmill & CO. Inc. bought a new position in shares of Donnelley Financial Solutions during the 4th quarter valued at about $7,841,000. William Blair Investment Management LLC grew its position in shares of Donnelley Financial Solutions by 16.7% in the 4th quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock valued at $23,569,000 after purchasing an additional 53,665 shares during the period. JPMorgan Chase & Co. increased its stake in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock worth $29,906,000 after purchasing an additional 46,273 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Donnelley Financial Solutions by 39.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 162,247 shares of the company's stock worth $10,178,000 after buying an additional 45,609 shares during the period. Institutional investors own 93.84% of the company's stock.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now owns 43,128 shares of the company's stock, valued at approximately $2,108,527.92. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Stock Up 3.3 %

DFIN traded up $1.69 during trading hours on Friday, hitting $52.37. 290,316 shares of the company's stock were exchanged, compared to its average volume of 222,790. The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. Donnelley Financial Solutions, Inc. has a 1-year low of $37.80 and a 1-year high of $71.01. The stock's 50-day moving average is $44.28 and its two-hundred day moving average is $55.69. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 17.11 and a beta of 1.04.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on DFIN shares. Needham & Company LLC restated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Thursday. DA Davidson reissued a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday, April 14th.

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).