Donnelley Financial Solutions (NYSE:DFIN) Sets New 52-Week Low – Here’s What Happened

Donnelley Financial Solutions, Inc. (NYSE:DFIN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $37.82 and last traded at $38.27, with a volume of 326548 shares changing hands. The stock had previously closed at $39.23.

Analysts Set New Price Targets

A number of research analysts have commented on the company. DA Davidson decreased their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of Donnelley Financial Solutions in a report on Friday, March 28th.

Donnelley Financial Solutions Stock Performance

The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.28 and a beta of 1.23. The stock’s fifty day simple moving average is $49.52 and its 200-day simple moving average is $58.07.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million during the quarter, compared to analyst estimates of $169.20 million.

Insider Activity

In other news, CEO Daniel Leib sold 25,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $50.14, for a total value of $1,253,500.00. Following the sale, the chief executive officer now directly owns 515,191 shares in the company, valued at approximately $25,831,676.74. This trade represents a 4.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary G. Greenfield bought 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now owns 43,128 shares of the company’s stock, valued at approximately $2,108,527.92. This represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Choreo LLC purchased a new position in Donnelley Financial Solutions in the fourth quarter valued at approximately $265,000. World Investment Advisors LLC acquired a new stake in Donnelley Financial Solutions during the 3rd quarter worth $719,000. Harbor Capital Advisors Inc. purchased a new stake in Donnelley Financial Solutions in the fourth quarter valued at $2,264,000. Jane Street Group LLC grew its holdings in shares of Donnelley Financial Solutions by 608.0% during the third quarter. Jane Street Group LLC now owns 66,931 shares of the company’s stock worth $4,406,000 after purchasing an additional 57,477 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Donnelley Financial Solutions by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock worth $29,906,000 after purchasing an additional 46,273 shares in the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

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).