GSA Capital Partners LLP Reduces Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

GSA Capital Partners LLP reduced its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,376 shares of the company’s stock after selling 1,780 shares during the quarter. GSA Capital Partners LLP’s holdings in Donnelley Financial Solutions were worth $683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DFIN. Swiss National Bank lifted its position in shares of Donnelley Financial Solutions by 5.1% during the 1st quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $3,206,000 after buying an additional 2,500 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Donnelley Financial Solutions by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock valued at $309,000 after purchasing an additional 345 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Donnelley Financial Solutions in the first quarter worth approximately $209,000. State Board of Administration of Florida Retirement System increased its stake in shares of Donnelley Financial Solutions by 46.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,399 shares of the company’s stock worth $645,000 after purchasing an additional 3,320 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Donnelley Financial Solutions by 3.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 26,857 shares of the company’s stock valued at $1,665,000 after purchasing an additional 869 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DFIN. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st. DA Davidson lifted their target price on Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, B. Riley dropped their price target on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Donnelley Financial Solutions Stock Down 0.9 %

DFIN opened at $60.40 on Monday. The company has a market capitalization of $1.74 billion, a PE ratio of 18.88 and a beta of 1.38. The firm has a 50-day simple moving average of $64.65 and a two-hundred day simple moving average of $63.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a 52 week low of $55.70 and a 52 week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.28). The firm had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey Jacobowitz sold 114,655 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the transaction, the director now owns 1,008,206 shares of the company’s stock, valued at approximately $67,973,248.52. The trade was a 10.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Leib sold 2,881 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now owns 517,810 shares of the company’s stock, valued at approximately $36,262,234.30. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 425,331 shares of company stock worth $26,738,613. Insiders own 11.90% of the company’s stock.

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).