Gallacher Capital Management LLC Takes Position in Donnelley Financial Solutions (NYSE:DFIN)

Gallacher Capital Management LLC bought a new stake in Donnelley Financial Solutions (NYSE:DFIN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,657 shares of the company's stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. 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 period. Quarry LP bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $42,000. Aquatic Capital Management LLC bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $49,000. 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 period. Finally, Meeder Asset Management Inc. bought a new position in Donnelley Financial Solutions in the 4th quarter valued at about $78,000. 93.84% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Craig Clay sold 11,022 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $54.03, for a total transaction of $595,518.66. Following the sale, the insider owned 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company's stock.

Donnelley Financial Solutions Stock Performance

Shares of DFIN traded up $1.75 during mid-day trading on Friday, hitting $64.75. 69,482 shares of the company's stock were exchanged, compared to its average volume of 282,797. Donnelley Financial Solutions has a 52 week low of $37.80 and a 52 week high of $71.01. The stock's 50-day simple moving average is $59.30 and its 200-day simple moving average is $54.48. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 21.46 and a beta of 1.06. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.44.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.54. The business had revenue of $201.10 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on DFIN shares. DA Davidson reissued 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 reaffirmed a "buy" rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a report on Thursday, May 1st.

About Donnelley Financial Solutions

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).