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

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the target of a significant growth in short interest in 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 volume of 198,900 shares, the short-interest ratio is currently 6.3 days. Currently, 4.6% of the shares of the stock are short sold.

Donnelley Financial Solutions Trading Down 0.2 %

NYSE DFIN traded down $0.13 during trading hours on Friday, reaching $62.06. The company had a trading volume of 210,796 shares, compared to its average volume of 206,253. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.79 billion, a P/E ratio of 19.39 and a beta of 1.38. The stock has a 50-day moving average of $61.00 and a 200 day moving average of $63.35. Donnelley Financial Solutions has a 1-year low of $56.02 and a 1-year high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $181.55 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis.

Wall Street Analyst Weigh In

DFIN has been the subject of a number of analyst reports. B. Riley dropped 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.

Insider Transactions at Donnelley Financial Solutions

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 422 shares in the last quarter. Quarry LP increased its position in shares of Donnelley Financial Solutions by 492.9% during the second quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after acquiring an additional 621 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at $74,000. Atria Investments Inc purchased a new position in Donnelley Financial Solutions in the third quarter valued at $225,000. Finally, Aigen Investment Management LP acquired a new position in Donnelley Financial Solutions during the 3rd quarter worth $248,000. Hedge funds and other institutional investors 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).