Donnelley Financial Solutions (NYSE:DFIN) Reaches New 52-Week Low – Here’s What Happened

Donnelley Financial Solutions (NYSE:DFIN)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $37.76 and last traded at $38.1550, with a volume of 235604 shares changing hands. The stock had previously closed at $41.27.

Analyst Ratings Changes

DFIN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $57.00 price objective on shares of Donnelley Financial Solutions in a research report on Wednesday, January 14th. Zacks Research downgraded shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. CJS Securities upgraded shares of Donnelley Financial Solutions to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen upgraded shares of Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.50.

Donnelley Financial Solutions Stock Up 1.6%

The company has a market cap of $1.04 billion, a PE ratio of 37.17 and a beta of 0.92. The firm has a 50-day simple moving average of $48.55 and a two-hundred day simple moving average of $50.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.13 and a quick ratio of 1.13.

Hedge Funds Weigh In On Donnelley Financial Solutions

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in Donnelley Financial Solutions by 1,107.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 507 shares of the company’s stock worth $31,000 after acquiring an additional 465 shares during the last quarter. CWM LLC boosted its holdings in shares of Donnelley Financial Solutions by 53.7% during the second quarter. CWM LLC now owns 690 shares of the company’s stock worth $43,000 after purchasing an additional 241 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Donnelley Financial Solutions in the third quarter valued at $52,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Donnelley Financial Solutions in the fourth quarter valued at $70,000. Finally, Versant Capital Management Inc increased its stake in Donnelley Financial Solutions by 28.9% in the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after purchasing an additional 343 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company’s stock.

About Donnelley Financial Solutions

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.