Short Interest in Donnelley Financial Solutions, Inc. (NYSE:DFIN) Drops By 10.3%

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,130,000 shares, a decrease of 10.3% from the March 15th total of 1,260,000 shares. Approximately 4.1% of the company’s stock are sold short. Based on an average trading volume of 186,200 shares, the short-interest ratio is currently 6.1 days.

Donnelley Financial Solutions Stock Performance

Shares of NYSE DFIN opened at $61.13 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 22.56 and a beta of 1.50. The business’s 50-day simple moving average is $62.53 and its 200-day simple moving average is $59.89. Donnelley Financial Solutions has a 52 week low of $40.73 and a 52 week high of $66.00.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $169.35 million. Donnelley Financial Solutions had a net margin of 10.31% and a return on equity of 22.89%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. As a group, equities research analysts expect that Donnelley Financial Solutions will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DFIN. DA Davidson raised Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $72.00 in a research note on Friday, April 12th. Needham & Company LLC increased their price objective on Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Insider Buying and Selling

In related news, 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 value of $194,520.48. Following the completion of the sale, the director now directly owns 58,594 shares of the company’s stock, valued at approximately $3,740,640.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares of the company’s stock, valued at approximately $33,752,538.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total value of $194,520.48. Following the sale, the director now directly owns 58,594 shares of the company’s stock, valued at $3,740,640.96. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFIN. Quarry LP bought a new stake in shares of Donnelley Financial Solutions in the 2nd quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in shares of Donnelley Financial Solutions in the 3rd quarter worth approximately $40,000. Tower Research Capital LLC TRC lifted its position in shares of Donnelley Financial Solutions by 65.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,668 shares of the company’s stock worth $62,000 after acquiring an additional 660 shares during the period. USA Financial Formulas bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $72,000. Finally, Bfsg LLC bought a new stake in shares of Donnelley Financial Solutions in the 4th quarter worth approximately $109,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

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).