Exchange Traded Concepts LLC Purchases 554 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Exchange Traded Concepts LLC raised its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,287 shares of the company’s stock after buying an additional 554 shares during the quarter. Exchange Traded Concepts LLC owned about 0.06% of Donnelley Financial Solutions worth $1,022,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. grew its holdings in shares of Donnelley Financial Solutions by 45.3% in the second quarter. Sei Investments Co. now owns 49,644 shares of the company’s stock valued at $2,960,000 after purchasing an additional 15,467 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Donnelley Financial Solutions in the 2nd quarter worth $346,000. Squarepoint Ops LLC grew its stake in shares of Donnelley Financial Solutions by 251.2% in the 2nd quarter. Squarepoint Ops LLC now owns 19,345 shares of the company’s stock worth $1,153,000 after buying an additional 13,837 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Donnelley Financial Solutions by 22.6% in the 2nd quarter. AQR Capital Management LLC now owns 43,174 shares of the company’s stock worth $2,574,000 after buying an additional 7,964 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Donnelley Financial Solutions by 108.9% in the 2nd quarter. Millennium Management LLC now owns 253,178 shares of the company’s stock valued at $15,094,000 after acquiring an additional 131,994 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

Donnelley Financial Solutions Stock Performance

Shares of NYSE:DFIN opened at $66.92 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.28. Donnelley Financial Solutions, Inc. has a 12 month low of $56.02 and a 12 month high of $71.01. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 20.91 and a beta of 1.38. The firm’s 50-day moving average is $61.58 and its 200 day moving average is $63.70.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $79.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, January 15th. B. Riley cut their target price on Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Insider Transactions at Donnelley Financial Solutions

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