By otakuyassine3@gmail.com 
Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 31st total of 1,050,000 shares. Based on an average daily volume of 198,900 shares, the days-to-cover ratio is presently 6.3 days. Currently, 4.6% of the shares of the company are short sold.
Donnelley Financial Solutions Stock Down 1.0 %
Shares of Donnelley Financial Solutions stock traded down $0.66 during trading hours on Friday, hitting $66.43. 140,418 shares of the company’s stock traded hands, compared to its average volume of 155,968. 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 has a twelve month low of $56.02 and a twelve month high of $71.01. The stock has a 50 day simple moving average of $61.91 and a 200-day simple moving average of $63.76. The company has a market cap of $1.92 billion, a PE ratio of 20.76 and a beta of 1.38.
Donnelley Financial Solutions (NYSE:DFIN – Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). The business 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 last year, the company posted $0.58 earnings per share.
Insider Transactions at Donnelley Financial Solutions
In other news, Director Jeffrey Jacobowitz sold 234,041 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares in the company, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David A. Gardella sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $62.68, for a total transaction of $188,040.00. Following the transaction, the chief financial officer now owns 197,406 shares in the company, valued at $12,373,408.08. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.
Institutional Trading of Donnelley Financial Solutions
Hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Donnelley Financial Solutions by 108.9% in the second quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock worth $15,094,000 after acquiring an additional 131,994 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Donnelley Financial Solutions by 608.0% in the 3rd 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. JPMorgan Chase & Co. boosted its position in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company’s stock valued at $29,906,000 after purchasing an additional 46,273 shares during the period. Harbor Capital Advisors Inc. bought a new position in Donnelley Financial Solutions during the 4th quarter worth $2,264,000. Finally, Rice Hall James & Associates LLC increased its position in Donnelley Financial Solutions by 2.8% in the third quarter. Rice Hall James & Associates LLC now owns 899,567 shares of the company’s stock worth $59,218,000 after buying an additional 24,869 shares during the period. 93.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 15th. B. Riley decreased their price target on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.
Read Our Latest Analysis on DFIN
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).
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