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

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

Several other hedge funds also recently modified their holdings of DFIN. Price T Rowe Associates Inc. MD raised its position in shares of Donnelley Financial Solutions by 7.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 595,344 shares of the company's stock worth $37,347,000 after purchasing an additional 39,980 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 acquiring an additional 46,273 shares during the period. William Blair Investment Management LLC lifted 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 acquiring an additional 53,665 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Donnelley Financial Solutions by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,607 shares of the company's stock worth $23,436,000 after purchasing an additional 22,195 shares during the period. Finally, O Keefe Stevens Advisory Inc. grew its position in Donnelley Financial Solutions by 1.4% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 223,296 shares of the company's stock worth $14,007,000 after purchasing an additional 2,978 shares in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Price Performance

Shares of DFIN traded down $0.52 during trading hours on Monday, hitting $51.88. The stock had a trading volume of 69,080 shares, compared to its average volume of 322,878. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 16.95 and a beta of 1.04. Donnelley Financial Solutions, Inc. has a 52 week low of $37.80 and a 52 week high of $71.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.04 and a quick ratio of 1.15. The company's fifty day moving average is $44.28 and its two-hundred day moving average is $55.60.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly 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 net margin of 11.82% and a return on equity of 20.65%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.47 million. During the same quarter last year, the business posted $0.91 earnings per share. Donnelley Financial Solutions's revenue for the quarter was down 1.1% compared to the same quarter last year.

Insider Buying and Selling at Donnelley Financial Solutions

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

Analysts Set New Price Targets

DFIN has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research report on Thursday. DA Davidson reiterated a "buy" rating and issued a $72.00 target price on shares of Donnelley Financial Solutions in a report 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).