Donnelley Financial Solutions (NYSE:DFIN) Sets New 52-Week Low - What's Next?

Donnelley Financial Solutions, Inc. (NYSE:DFIN - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $37.82 and last traded at $38.27, with a volume of 326548 shares. The stock had previously closed at $39.23.

Analyst Ratings Changes

Several research firms have weighed in on DFIN. DA Davidson reaffirmed a "buy" rating and issued a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, March 28th.

Donnelley Financial Solutions Trading Up 2.1 %

The company has a quick ratio of 1.15, a current ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.17 billion, a P/E ratio of 13.41 and a beta of 1.23. The firm's 50-day moving average price is $48.97 and its 200 day moving average price is $57.84.

Donnelley Financial Solutions (NYSE:DFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $156.30 million during the quarter, compared to analysts' expectations of $169.20 million. Donnelley Financial Solutions had a return on equity of 20.65% and a net margin of 11.82%.

Insider Buying and Selling at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, CEO Daniel Leib sold 25,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the transaction, the chief executive officer now owns 515,191 shares of the company's stock, valued at $25,831,676.74. This trade represents a 4.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary G. Greenfield bought 1,000 shares of Donnelley Financial Solutions stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $48.89 per share, with a total value of $48,890.00. Following the completion of the acquisition, the director now owns 43,128 shares of the company's stock, valued at $2,108,527.92. This represents a 2.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Donnelley Financial Solutions

Hedge funds have recently made changes to their positions in the business. Huntington National Bank increased its holdings in Donnelley Financial Solutions by 20.7% during the fourth quarter. Huntington National Bank now owns 910 shares of the company's stock worth $57,000 after buying an additional 156 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Donnelley Financial Solutions by 2.8% during the 4th quarter. Inspire Investing LLC now owns 6,413 shares of the company's stock worth $402,000 after purchasing an additional 177 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Donnelley Financial Solutions by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 52,025 shares of the company's stock worth $3,264,000 after purchasing an additional 182 shares during the period. Sanctuary Advisors LLC lifted its stake in Donnelley Financial Solutions by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 11,214 shares of the company's stock valued at $752,000 after purchasing an additional 387 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Donnelley Financial Solutions by 197.2% during the first quarter. Versant Capital Management Inc now owns 743 shares of the company's stock valued at $32,000 after purchasing an additional 493 shares during the period. 93.84% of the stock is currently owned by institutional investors.

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).