Comerica Bank trimmed its stake in shares of Donnelley Financial Solutions Inc (NYSE:DFIN) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,484 shares of the company’s stock after selling 19,625 shares during the quarter. Comerica Bank owned about 0.58% of Donnelley Financial Solutions worth $2,206,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in DFIN. Aperio Group LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth $141,000. State of Tennessee Treasury Department lifted its holdings in shares of Donnelley Financial Solutions by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 14,515 shares of the company’s stock worth $179,000 after buying an additional 1,141 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Donnelley Financial Solutions during the second quarter worth $243,000. 6 Meridian lifted its holdings in shares of Donnelley Financial Solutions by 46.8% during the third quarter. 6 Meridian now owns 19,748 shares of the company’s stock worth $243,000 after buying an additional 6,299 shares in the last quarter. Finally, AlphaOne Investment Services LLC lifted its holdings in shares of Donnelley Financial Solutions by 192.2% during the second quarter. AlphaOne Investment Services LLC now owns 18,299 shares of the company’s stock worth $244,000 after buying an additional 12,037 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on DFIN shares. Zacks Investment Research downgraded Donnelley Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 8th. DA Davidson dropped their target price on Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. ValuEngine downgraded Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. TheStreet raised Donnelley Financial Solutions from a “d+” rating to a “c” rating in a report on Monday, September 23rd. Finally, B. Riley started coverage on Donnelley Financial Solutions in a report on Wednesday, October 16th. They set a “buy” rating and a $16.00 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.00.

In related news, CEO Daniel Leib purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $9.85 per share, with a total value of $197,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Jacobowitz purchased 107,128 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of $11.36 per share, with a total value of $1,216,974.08. The disclosure for this purchase can be found here. 9.63% of the stock is owned by insiders.

DFIN stock opened at $9.82 on Thursday. The company has a market cap of $338.20 million, a PE ratio of 4.55, a price-to-earnings-growth ratio of 13.00 and a beta of 1.86. The business has a 50-day simple moving average of $10.94 and a 200 day simple moving average of $12.44. Donnelley Financial Solutions Inc has a 52 week low of $9.24 and a 52 week high of $17.30. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 1.61.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs.

See Also: Net Asset Value

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Institutional Ownership by Quarter for Donnelley Financial Solutions (NYSE:DFIN)

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