Donnelley Financial Solutions (NYSE:DFIN) Shares Up 5.2% Following Insider Buying Activity

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Donnelley Financial Solutions Inc (NYSE:DFIN) shares were 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 traded hands during trading. An increase of 168% from the average daily volume of 171,510 shares. The stock had previously closed at $9.73.

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

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

The business’s 50-day simple moving average is $10.40 and its two-hundred day simple moving average is $11.90. The firm has a market capitalization of $344.37 million, a price-to-earnings ratio of 4.74, a PEG ratio of 13.29 and a beta of 1.79. The company has a quick ratio of 1.31, a current ratio of 1.38 and a debt-to-equity ratio of 1.61.

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

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in shares of Donnelley Financial Solutions in the third quarter valued at $260,000. Barclays PLC grew its position in Donnelley Financial Solutions by 3.7% in the 3rd quarter. Barclays PLC now owns 44,476 shares of the company’s stock valued at $548,000 after acquiring an additional 1,586 shares in the last quarter. Ancora Advisors LLC grew its position in Donnelley Financial Solutions by 29.9% in the 3rd quarter. Ancora Advisors LLC now owns 45,178 shares of the company’s stock valued at $557,000 after acquiring an additional 10,399 shares in the last quarter. Mcclain Value Management LLC increased its stake in Donnelley Financial Solutions by 9.0% during the third quarter. Mcclain Value Management LLC now owns 183,469 shares of the company’s stock worth $2,260,000 after purchasing an additional 15,094 shares during the period. Finally, SG Americas Securities LLC increased its stake in Donnelley Financial Solutions by 2.5% during the third quarter. SG Americas Securities LLC now owns 45,951 shares of the company’s stock worth $566,000 after purchasing an additional 1,135 shares during the period. Hedge funds and other institutional investors own 94.13% of the company’s stock.

Donnelley Financial Solutions Company Profile (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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