Assetmark Inc. Buys 7,327 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assetmark Inc. raised its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 16.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,200 shares of the company’s stock after purchasing an additional 7,327 shares during the period. Assetmark Inc.’s holdings in Donnelley Financial Solutions were worth $3,275,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of DFIN. Farther Finance Advisors LLC boosted its stake in shares of Donnelley Financial Solutions by 781.5% in the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock worth $31,000 after acquiring an additional 422 shares during the period. Principal Securities Inc. boosted its stake in shares of Donnelley Financial Solutions by 1,537.1% in the fourth quarter. Principal Securities Inc. now owns 1,015 shares of the company’s stock worth $64,000 after acquiring an additional 953 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Donnelley Financial Solutions by 584.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,156 shares of the company’s stock worth $73,000 after acquiring an additional 987 shares during the period. Point72 DIFC Ltd bought a new position in shares of Donnelley Financial Solutions in the third quarter worth about $74,000. Finally, KBC Group NV boosted its stake in shares of Donnelley Financial Solutions by 52.7% in the fourth quarter. KBC Group NV now owns 1,550 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the period. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Price Performance

NYSE:DFIN opened at $47.30 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.35 billion, a P/E ratio of 15.46 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a 12 month low of $45.09 and a 12 month high of $71.01. The business’s 50-day moving average is $59.75 and its 200 day moving average is $62.28.

Donnelley Financial Solutions (NYSE:DFIN) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The firm had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Buying and Selling

In other news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $50.14, for a total value of $1,253,500.00. Following the completion of the transaction, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. The trade was a 4.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary G. Greenfield purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now directly owns 43,128 shares in the company, valued at $2,108,527.92. This trade represents a 2.37 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC dropped their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. DA Davidson dropped their price objective on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 20th.

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).