Algert Global LLC bought a new stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,336 shares of the company's stock, valued at approximately $1,401,000. Algert Global LLC owned 0.08% of Donnelley Financial Solutions at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new position in Donnelley Financial Solutions during the 4th quarter worth $42,000. Aquatic Capital Management LLC bought a new position in Donnelley Financial Solutions during the 4th quarter worth about $49,000. Huntington National Bank grew its holdings in Donnelley Financial Solutions by 20.7% during the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after acquiring an additional 156 shares in the last quarter. Principal Securities Inc. grew its holdings in Donnelley Financial Solutions by 1,537.1% during the 4th quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after acquiring an additional 953 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Donnelley Financial Solutions by 584.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock worth $73,000 after acquiring an additional 987 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on DFIN. DA Davidson restated a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a report on Thursday, May 1st.
Read Our Latest Stock Report on DFIN
Insiders Place Their Bets
In related news, Director Gary G. Greenfield acquired 1,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 43,128 shares in the company, 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 filing 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 stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the sale, the chief executive officer now owns 515,191 shares in the company, valued at $25,831,676.74. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.
Donnelley Financial Solutions Stock Up 1.0%
Shares of NYSE:DFIN traded up $0.56 during trading on Tuesday, reaching $55.36. The stock had a trading volume of 223,680 shares, compared to its average volume of 221,116. Donnelley Financial Solutions, Inc. has a one year low of $37.80 and a one year high of $71.01. The company has a market capitalization of $1.53 billion, a P/E ratio of 18.09 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The firm's 50-day simple moving average is $45.04 and its 200 day simple moving average is $55.12.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, topping 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 company had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. During the same period last year, the business earned $0.91 EPS. Donnelley Financial Solutions's revenue for the quarter was down 1.1% on a year-over-year basis.
Donnelley Financial Solutions Profile
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Free Report)
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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