GSA Capital Partners LLP Sells 1,780 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

GSA Capital Partners LLP lowered its stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,376 shares of the company’s stock after selling 1,780 shares during the period. GSA Capital Partners LLP’s holdings in Donnelley Financial Solutions were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DFIN. Swiss National Bank increased its position in shares of Donnelley Financial Solutions by 5.1% during the first quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $3,206,000 after buying an additional 2,500 shares during the period. ProShare Advisors LLC grew its holdings in shares of Donnelley Financial Solutions by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 4,989 shares of the company’s stock worth $309,000 after acquiring an additional 345 shares during the period. Entropy Technologies LP bought a new position in shares of Donnelley Financial Solutions in the 1st quarter worth approximately $209,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Donnelley Financial Solutions by 46.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,399 shares of the company’s stock valued at $645,000 after purchasing an additional 3,320 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Donnelley Financial Solutions by 3.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 26,857 shares of the company’s stock valued at $1,665,000 after purchasing an additional 869 shares in the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on DFIN shares. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research report on Friday, November 1st. DA Davidson lifted their price target on shares of Donnelley Financial Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, B. Riley cut their price objective on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Donnelley Financial Solutions Trading Down 0.9 %

NYSE DFIN opened at $60.40 on Monday. The stock’s fifty day moving average price is $64.65 and its 200-day moving average price is $63.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.74 billion, a P/E ratio of 18.88 and a beta of 1.38. Donnelley Financial Solutions, Inc. has a 12 month low of $55.70 and a 12 month high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. As a group, equities analysts forecast that Donnelley Financial Solutions, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 2,881 shares of Donnelley Financial Solutions stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total value of $201,756.43. Following the completion of the sale, the chief executive officer now directly owns 517,810 shares in the company, valued at approximately $36,262,234.30. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Jacobowitz sold 114,655 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $67.42, for a total transaction of $7,730,040.10. Following the transaction, the director now owns 1,008,206 shares in the company, valued at $67,973,248.52. This represents a 10.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 425,331 shares of company stock worth $26,738,613 in the last three months. Insiders own 11.90% of the company’s stock.

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).