Marathon Asset Management Ltd Decreases Position in Donnelley Financial Solutions (NYSE:DFIN)

Marathon Asset Management Ltd cut its holdings in shares of Donnelley Financial Solutions (NYSE:DFIN - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,688 shares of the company's stock after selling 21,953 shares during the quarter. Marathon Asset Management Ltd owned 0.72% of Donnelley Financial Solutions worth $8,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DFIN. 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 acquired a new stake in shares of Donnelley Financial Solutions in the 4th quarter valued at $42,000. Aquatic Capital Management LLC bought a new position in shares of Donnelley Financial Solutions in the 4th quarter valued at $49,000. Huntington National Bank increased its stake in shares of 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 purchasing an additional 156 shares during the last quarter. Finally, Principal Securities Inc. raised 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 in the last quarter. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Clay sold 11,022 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $54.03, for a total transaction of $595,518.66. Following the transaction, the insider owned 143,448 shares in the company, valued at approximately $7,750,495.44. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DFIN. Needham & Company LLC reiterated 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 restated a "buy" rating and set a $72.00 price objective on shares of Donnelley Financial Solutions in a research report on Monday, April 14th.

Donnelley Financial Solutions Trading Up 0.2%

DFIN traded up $0.14 during trading on Tuesday, reaching $61.79. 143,057 shares of the company's stock were exchanged, compared to its average volume of 232,156. Donnelley Financial Solutions has a one year low of $37.80 and a one year high of $71.01. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.71 billion, a PE ratio of 20.46 and a beta of 1.05. The firm has a fifty day moving average price of $54.70 and a two-hundred day moving average price of $54.21.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $0.70 by $0.54. Donnelley Financial Solutions had a return on equity of 21.80% and a net margin of 11.56%. The firm had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.47 million. During the same period in the previous year, the business earned $0.91 EPS. The business's quarterly revenue was down 1.1% compared to the same quarter last year.

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).