Donnelley Financial Solutions (NYSE:DFIN) Trading Up 5.2% After Insider Buying Activity

Donnelley Financial Solutions Inc (NYSE:DFIN) was up 5.2% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as $10.42 and last traded at $10.24, approximately 460,345 shares changed hands during mid-day trading. An increase of 168% from the average daily volume of 171,510 shares. The stock had previously closed at $9.73.

Specifically, Director Jeffrey Jacobowitz purchased 284,300 shares of Donnelley Financial Solutions stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $9.93 per share, for a total transaction of $2,823,099.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel Leib purchased 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $9.85 per share, with a total value of $197,000.00. The disclosure for this purchase can be found here. 9.63% of the stock is currently owned by corporate insiders.

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

The business has a 50-day simple moving average of $10.41 and a two-hundred day simple moving average of $11.92. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $344.37 million, a price-to-earnings ratio of 4.74, a P/E/G ratio of 13.29 and a beta of 1.79.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.34. Donnelley Financial Solutions had a return on equity of 12.22% and a net margin of 3.35%. The company had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $209.80 million. On average, analysts forecast that Donnelley Financial Solutions Inc will post 0.59 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Donnelley Financial Solutions by 54.5% during the first quarter. FMR LLC now owns 3,771,091 shares of the company’s stock valued at $56,114,000 after purchasing an additional 1,330,408 shares during the last quarter. Morgan Stanley increased its holdings in shares of Donnelley Financial Solutions by 549.3% in the second quarter. Morgan Stanley now owns 228,648 shares of the company’s stock valued at $3,050,000 after buying an additional 193,432 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Donnelley Financial Solutions during the 2nd quarter valued at $1,600,000. Grantham Mayo Van Otterloo & Co. LLC lifted its position in shares of Donnelley Financial Solutions by 529.7% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 74,300 shares of the company’s stock valued at $991,000 after acquiring an additional 62,500 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Donnelley Financial Solutions by 8.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 530,113 shares of the company’s stock worth $7,072,000 after acquiring an additional 42,017 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

About Donnelley Financial Solutions (NYSE:DFIN)

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.

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