Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Rises By 17.8%

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,260,000 shares, a growth of 17.8% from the February 29th total of 1,070,000 shares. Currently, 4.6% of the company's shares are sold short. Based on an average daily volume of 174,000 shares, the short-interest ratio is presently 7.2 days.

Donnelley Financial Solutions Trading Up 1.7 %

DFIN stock traded up $1.01 during midday trading on Friday, reaching $62.01. 601,113 shares of the company's stock traded hands, compared to its average volume of 203,731. The company has a market capitalization of $1.80 billion, a P/E ratio of 22.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.03 and a quick ratio of 1.03. Donnelley Financial Solutions has a fifty-two week low of $39.76 and a fifty-two week high of $66.00. The business has a 50-day moving average price of $63.04 and a two-hundred day moving average price of $59.17.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company's revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Donnelley Financial Solutions will post 2.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Donnelley Financial Solutions news, Director Luis A. Aguilar sold 3,047 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $63.84, for a total transaction of $194,520.48. Following the sale, the director now directly owns 58,594 shares of the company's stock, valued at approximately $3,740,640.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Daniel Leib sold 33,122 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the transaction, the chief executive officer now directly owns 524,352 shares in the company, valued at approximately $33,752,538.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Luis A. Aguilar sold 3,047 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the transaction, the director now owns 58,594 shares in the company, valued at $3,740,640.96. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Donnelley Financial Solutions during the second quarter worth $28,000. Pinebridge Investments L.P. bought a new stake in shares of Donnelley Financial Solutions in the second quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Donnelley Financial Solutions in the third quarter worth $40,000. Tower Research Capital LLC TRC increased its stake in shares of Donnelley Financial Solutions by 65.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company's stock worth $62,000 after buying an additional 660 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Donnelley Financial Solutions by 102.5% in the second quarter. US Bancorp DE now owns 1,395 shares of the company's stock worth $64,000 after buying an additional 706 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DFIN shares. Needham & Company LLC lifted their price target on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. DA Davidson lifted their price target on shares of Donnelley Financial Solutions from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, January 12th.

Donnelley Financial Solutions Company 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).