368,471 Shares in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Bought by Port Capital LLC

Port Capital LLC bought a new position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 368,471 shares of the company's stock, valued at approximately $23,114,000. Port Capital LLC owned approximately 1.28% of Donnelley Financial Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DFIN. Quarry LP bought a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at about $42,000. Aquatic Capital Management LLC acquired a new position in shares of Donnelley Financial Solutions in the fourth quarter valued at $49,000. Huntington National Bank raised its position in shares of Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after purchasing an additional 156 shares during the period. Principal Securities Inc. boosted its holdings in shares of 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 buying an additional 953 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Donnelley Financial Solutions by 584.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company's stock valued at $73,000 after buying an additional 987 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, Director Gary G. Greenfield acquired 1,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $48.89 per share, with a total value of $48,890.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel Leib sold 25,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 515,191 shares of the company's stock, valued at $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. Insiders own 4.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports 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 research report on Thursday, May 1st. DA Davidson reissued a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a report on Monday, April 14th.

Donnelley Financial Solutions Stock Performance

NYSE DFIN opened at $54.59 on Thursday. Donnelley Financial Solutions, Inc. has a 12-month low of $37.80 and a 12-month high of $71.01. The firm has a 50-day moving average price of $45.19 and a two-hundred day moving average price of $55.12. The company has a market capitalization of $1.51 billion, a P/E ratio of 17.84 and a beta of 1.04. 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 (NYSE:DFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.54. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share.

Donnelley Financial Solutions 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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