Donnelley Financial Solutions, Inc. (NYSE:DFIN) Short Interest Up 20.0% in December

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, a growth of 20.0% from the December 15th total of 1,050,000 shares. Based on an average daily trading volume, of 198,900 shares, the short-interest ratio is currently 6.3 days. Approximately 4.6% of the company’s stock are short sold.

Insider Buying and Selling

In other Donnelley Financial Solutions news, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the sale, the director now owns 774,165 shares of the company’s stock, valued at $45,265,427.55. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David A. Gardella sold 3,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $62.68, for a total value of $188,040.00. Following the transaction, the chief financial officer now directly owns 197,406 shares in the company, valued at approximately $12,373,408.08. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Donnelley Financial Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DFIN. Farther Finance Advisors LLC increased its position in shares of Donnelley Financial Solutions by 781.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after purchasing an additional 422 shares in the last quarter. Quarry LP increased its holdings in shares of Donnelley Financial Solutions by 492.9% in the second quarter. Quarry LP now owns 747 shares of the company’s stock valued at $45,000 after purchasing an additional 621 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at approximately $74,000. Atria Investments Inc bought a new position in Donnelley Financial Solutions in the 3rd quarter worth approximately $225,000. Finally, Aigen Investment Management LP acquired a new position in shares of Donnelley Financial Solutions during the third quarter valued at $248,000. Institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DFIN shares. B. Riley decreased their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a report on Wednesday.

Donnelley Financial Solutions Stock Performance

Shares of Donnelley Financial Solutions stock traded down $0.13 during midday trading on Friday, hitting $62.06. The company had a trading volume of 210,796 shares, compared to its average volume of 206,253. The stock has a market cap of $1.79 billion, a PE ratio of 19.39 and a beta of 1.38. Donnelley Financial Solutions has a 1-year low of $56.02 and a 1-year high of $71.01. The business’s 50 day simple moving average is $61.00 and its two-hundred day simple moving average is $63.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.15 and a quick ratio of 1.15.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.28). Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The company had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year.

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).