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

Donnelley Financial Solutions, Inc. (NYSE:DFIN) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,260,000 shares, an increase of 20.0% from the December 15th total of 1,050,000 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average daily volume of 198,900 shares, the days-to-cover ratio is currently 6.3 days.

Donnelley Financial Solutions Trading Down 0.2 %

Shares of Donnelley Financial Solutions stock traded down $0.13 on Friday, hitting $62.06. The stock had a trading volume of 210,796 shares, compared to its average volume of 206,253. The stock’s 50-day simple moving average is $61.00 and its two-hundred day simple moving average is $63.35. Donnelley Financial Solutions has a one year low of $56.02 and a one year high of $71.01. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 19.39 and a beta of 1.38.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.28). The firm had revenue of $179.50 million for the quarter, compared to the consensus estimate of $181.55 million. Donnelley Financial Solutions had a net margin of 12.06% and a return on equity of 22.70%. The business’s revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share.

Insider Transactions at Donnelley Financial Solutions

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

Institutional Investors Weigh In On Donnelley Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after buying an additional 422 shares during the period. Quarry LP raised its position in shares of Donnelley Financial Solutions by 492.9% in the 2nd quarter. Quarry LP now owns 747 shares of the company’s stock worth $45,000 after acquiring an additional 621 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Donnelley Financial Solutions in the 3rd quarter valued at approximately $74,000. Atria Investments Inc bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $225,000. Finally, Aigen Investment Management LP purchased a new stake in Donnelley Financial Solutions in the third quarter worth $248,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DFIN shares. Needham & Company LLC reiterated a “buy” rating and issued a $79.00 price objective on shares of Donnelley Financial Solutions in a report on Wednesday. B. Riley cut their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

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).