Insider Buying: Donnelley Financial Solutions, Inc. (NYSE:DFIN) Major Shareholder Purchases 234,157 Shares of Stock

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Donnelley Financial Solutions, Inc. (NYSE:DFINGet Rating) major shareholder Simcoe Capital Management, Llc purchased 234,157 shares of the business’s stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average cost of $26.85 per share, for a total transaction of $6,287,115.45. Following the completion of the purchase, the insider now directly owns 3,437,135 shares of the company’s stock, valued at approximately $92,287,074.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Simcoe Capital Management, Llc also recently made the following trade(s):

  • On Monday, May 9th, Simcoe Capital Management, Llc purchased 75,207 shares of Donnelley Financial Solutions stock. The shares were purchased at an average cost of $25.43 per share, for a total transaction of $1,912,514.01.

DFIN stock opened at $25.88 on Thursday. The firm has a market cap of $822.73 million, a price-to-earnings ratio of 6.54 and a beta of 1.98. The company has a quick ratio of 1.05, a current ratio of 1.30 and a debt-to-equity ratio of 0.55. Donnelley Financial Solutions, Inc. has a 12-month low of $24.60 and a 12-month high of $52.33. The company’s fifty day simple moving average is $31.24 and its 200 day simple moving average is $37.97.

Donnelley Financial Solutions (NYSE:DFINGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). Donnelley Financial Solutions had a return on equity of 38.91% and a net margin of 14.30%. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $219.87 million. During the same period in the prior year, the business earned $1.02 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. Research analysts expect that Donnelley Financial Solutions, Inc. will post 4.12 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new stake in Donnelley Financial Solutions in the fourth quarter valued at approximately $46,000. Spire Wealth Management acquired a new stake in Donnelley Financial Solutions in the 1st quarter valued at $76,000. Point72 Hong Kong Ltd bought a new stake in Donnelley Financial Solutions during the 4th quarter valued at $116,000. Dorsey Wright & Associates raised its holdings in Donnelley Financial Solutions by 15.8% during the fourth quarter. Dorsey Wright & Associates now owns 2,528 shares of the company’s stock worth $119,000 after buying an additional 344 shares during the last quarter. Finally, Crescent Grove Advisors LLC acquired a new position in Donnelley Financial Solutions during the fourth quarter worth $212,000. Institutional investors own 91.37% of the company’s stock.

DFIN has been the subject of several recent research reports. Zacks Investment Research cut shares of Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. DA Davidson decreased their price target on shares of Donnelley Financial Solutions from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 13th. Finally, B. Riley cut their target price on Donnelley Financial Solutions from $52.00 to $45.00 in a report on Friday, February 18th.

Donnelley Financial Solutions Company Profile (Get Rating)

Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company operates through four segments: Capital Markets Â- Software Solutions (CM-SS), Capital Markets Â- Compliance and Communications Management (CM-CCM), Investment Companies Â- Software Solutions (IC-SS), and Investment Companies Â- Compliance and Communications Management (IC-CCM).

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