Exchange Traded Concepts LLC Sells 10,658 Shares of Donnelley Financial Solutions (NYSE:DFIN)

Exchange Traded Concepts LLC trimmed its holdings in Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 65.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,629 shares of the company's stock after selling 10,658 shares during the quarter. Exchange Traded Concepts LLC's holdings in Donnelley Financial Solutions were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. 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 in the last quarter. Quarry LP bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter valued at approximately $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 lifted its position in Donnelley Financial Solutions by 20.7% in the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after purchasing an additional 156 shares during the period. Finally, Principal Securities Inc. boosted its stake in Donnelley Financial Solutions by 1,537.1% during the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company's stock worth $64,000 after buying an additional 953 shares in 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, insider Craig Clay sold 11,022 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $54.03, for a total transaction of $595,518.66. Following the completion of the sale, the insider now directly owns 143,448 shares of the company's stock, valued at $7,750,495.44. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.30% of the company's stock.

Analysts Set New Price Targets

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

Donnelley Financial Solutions Price Performance

DFIN stock traded down $0.03 during trading on Thursday, hitting $61.15. The company had a trading volume of 230,101 shares, compared to its average volume of 232,216. The company has a fifty day moving average price of $53.90 and a two-hundred day moving average price of $54.31. Donnelley Financial Solutions has a fifty-two week low of $37.80 and a fifty-two week high of $71.01. The company has a market cap of $1.69 billion, a P/E ratio of 20.25 and a beta of 1.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.70 by $0.54. The company 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 11.56% and a return on equity of 21.80%. The firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS.

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).