Insider Buying: Donnelley Financial Solutions Inc (NYSE:DFIN) Director Buys $2,823,099.00 in Stock

Donnelley Financial Solutions Inc (NYSE:DFIN) Director Jeffrey Jacobowitz acquired 284,300 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $9.93 per share, with a total value of $2,823,099.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

DFIN stock opened at $10.00 on Thursday. The stock has a 50-day moving average price of $10.39 and a two-hundred day moving average price of $11.88. Donnelley Financial Solutions Inc has a 12-month low of $9.24 and a 12-month high of $17.09. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 1.61. The company has a market cap of $344.37 million, a PE ratio of 4.63, a price-to-earnings-growth ratio of 13.29 and a beta of 1.79.

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

Hedge funds have recently bought and sold shares of the business. Aperio Group LLC purchased a new stake in Donnelley Financial Solutions during the second quarter valued at about $141,000. State of Tennessee Treasury Department grew its position in Donnelley Financial Solutions by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 14,515 shares of the company’s stock valued at $179,000 after acquiring an additional 1,141 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Donnelley Financial Solutions during the second quarter valued at about $243,000. AlphaOne Investment Services LLC grew its position in Donnelley Financial Solutions by 192.2% during the second quarter. AlphaOne Investment Services LLC now owns 18,299 shares of the company’s stock valued at $244,000 after acquiring an additional 12,037 shares during the period. Finally, 6 Meridian grew its position in Donnelley Financial Solutions by 46.8% during the third quarter. 6 Meridian now owns 19,748 shares of the company’s stock valued at $243,000 after acquiring an additional 6,299 shares during the period. 94.13% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on DFIN. DA Davidson lowered their price objective on Donnelley Financial Solutions from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. TheStreet raised Donnelley Financial Solutions from a “d+” rating to a “c” rating in a research report on Monday, September 23rd. B. Riley began coverage on Donnelley Financial Solutions in a research report on Wednesday, October 16th. They issued a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research downgraded Donnelley Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, ValuEngine raised Donnelley Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.00.

Donnelley Financial Solutions Company Profile

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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