Donnelley Financial Solutions Inc (NYSE:DFIN) Director Buys $1,216,974.08 in Stock

Donnelley Financial Solutions Inc (NYSE:DFIN) Director Jeffrey Jacobowitz purchased 107,128 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $11.36 per share, with a total value of $1,216,974.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of DFIN stock traded down $0.71 on Friday, reaching $10.84. The company’s stock had a trading volume of 232,676 shares, compared to its average volume of 155,840. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 1.93. Donnelley Financial Solutions Inc has a 12-month low of $10.62 and a 12-month high of $21.44. The company has a market capitalization of $382.10 million, a P/E ratio of 5.02, a PEG ratio of 10.06 and a beta of 1.76. The stock’s 50 day simple moving average is $12.93 and its 200-day simple moving average is $14.12.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.13. Donnelley Financial Solutions had a return on equity of 26.93% and a net margin of 6.94%. The company had revenue of $258.90 million for the quarter, compared to the consensus estimate of $266.00 million. Research analysts expect that Donnelley Financial Solutions Inc will post 0.87 EPS for the current year.

A number of research firms have recently commented on DFIN. TheStreet lowered Donnelley Financial Solutions from a “c-” rating to a “d+” rating in a report on Monday, June 17th. Zacks Investment Research downgraded Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, ValuEngine downgraded Donnelley Financial Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, The stock has a consensus rating of “Sell” and a consensus price target of $15.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Donnelley Financial Solutions by 54.5% in the first quarter. FMR LLC now owns 3,771,091 shares of the company’s stock worth $56,114,000 after purchasing an additional 1,330,408 shares during the last quarter. Norges Bank bought a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $10,756,000. Keeley Teton Advisors LLC boosted its position in Donnelley Financial Solutions by 76.5% during the 1st quarter. Keeley Teton Advisors LLC now owns 483,996 shares of the company’s stock valued at $7,202,000 after acquiring an additional 209,842 shares in the last quarter. Morgan Stanley boosted its position in Donnelley Financial Solutions by 549.3% during the 2nd quarter. Morgan Stanley now owns 228,648 shares of the company’s stock valued at $3,050,000 after acquiring an additional 193,432 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Donnelley Financial Solutions during the 2nd quarter valued at approximately $1,600,000. Institutional investors and hedge funds own 93.04% of the company’s stock.

About Donnelley Financial Solutions

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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