Donnelley Financial Solutions Inc (NYSE:DFIN) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,124,900 shares, an increase of 7.0% from the May 30th total of 1,050,900 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 132,600 shares, the days-to-cover ratio is currently 8.5 days.
DFIN has been the topic of a number of recent analyst reports. TheStreet downgraded shares of Timkensteel from a “c-” rating to a “d+” rating in a report on Monday, June 17th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of $15.50.
Shares of Donnelley Financial Solutions stock opened at $13.85 on Wednesday. Donnelley Financial Solutions has a 12-month low of $11.89 and a 12-month high of $21.44. The stock has a market capitalization of $479.14 million, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 12.09 and a beta of 1.76. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.26 and a current ratio of 1.33. The stock has a 50-day moving average price of $13.09.
Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Donnelley Financial Solutions had a return on equity of 29.79% and a net margin of 6.88%. The firm had revenue of $229.60 million during the quarter, compared to analysts’ expectations of $229.02 million. As a group, equities research analysts expect that Donnelley Financial Solutions will post 0.91 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in Donnelley Financial Solutions by 54.5% in the 1st quarter. FMR LLC now owns 3,771,091 shares of the company’s stock worth $56,114,000 after buying an additional 1,330,408 shares during the last quarter. Poehling Capital Management LLC raised its position in Donnelley Financial Solutions by 112.4% in the 1st quarter. Poehling Capital Management LLC now owns 75,970 shares of the company’s stock worth $1,130,000 after buying an additional 40,205 shares during the last quarter. Private Management Group Inc. raised its position in Donnelley Financial Solutions by 13.1% in the 1st quarter. Private Management Group Inc. now owns 392,525 shares of the company’s stock worth $5,841,000 after buying an additional 45,605 shares during the last quarter. AlphaOne Investment Services LLC raised its position in Donnelley Financial Solutions by 12.4% in the 1st quarter. AlphaOne Investment Services LLC now owns 6,262 shares of the company’s stock worth $93,000 after buying an additional 690 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Donnelley Financial Solutions by 110.0% in the 1st quarter. Martingale Asset Management L P now owns 44,357 shares of the company’s stock worth $661,000 after buying an additional 23,237 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.
About Donnelley Financial Solutions
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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