GAMMA Investing LLC raised its holdings in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 9,314.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,239 shares of the company's stock after acquiring an additional 12,109 shares during the period. GAMMA Investing LLC's holdings in Donnelley Financial Solutions were worth $535,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Huntington National Bank raised its holdings in Donnelley Financial Solutions by 20.7% in the 4th quarter. Huntington National Bank now owns 910 shares of the company's stock valued at $57,000 after acquiring an additional 156 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Donnelley Financial Solutions by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock valued at $3,264,000 after acquiring an additional 182 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Donnelley Financial Solutions by 3.6% in the 4th quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock valued at $752,000 after acquiring an additional 387 shares during the last quarter. Versant Capital Management Inc raised its holdings in Donnelley Financial Solutions by 197.2% in the 1st quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after acquiring an additional 493 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Donnelley Financial Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,678 shares of the company's stock valued at $921,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.
Insider Activity at Donnelley Financial Solutions
In related news, insider Craig Clay sold 11,022 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total value of $595,518.66. Following the completion of the sale, the insider now owns 143,448 shares in the company, valued at approximately $7,750,495.44. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is owned by insiders.
Donnelley Financial Solutions Stock Performance
Donnelley Financial Solutions stock opened at $60.32 on Thursday. The firm has a 50 day simple moving average of $51.51 and a 200-day simple moving average of $54.29. Donnelley Financial Solutions has a 1-year low of $37.80 and a 1-year high of $71.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.97 and a beta of 1.04.
Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.54. The business had revenue of $201.10 million during the quarter, compared to analysts' expectations of $194.47 million. Donnelley Financial Solutions had a net margin of 11.56% and a return on equity of 21.80%. The business's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on DFIN shares. Needham & Company LLC reissued a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Thursday, May 1st. 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.
Read Our Latest Stock Analysis on DFIN
Donnelley Financial Solutions Profile
(
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).
Further Reading
Want to see what other hedge funds are holding DFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donnelley Financial Solutions (NYSE:DFIN - Free Report).
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