Granite Investment Partners LLC Acquires 32,747 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Granite Investment Partners LLC boosted its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,794 shares of the company's stock after purchasing an additional 32,747 shares during the period. Granite Investment Partners LLC owned about 0.65% of Donnelley Financial Solutions worth $11,780,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DFIN. Raymond James Financial Inc. acquired a new position in Donnelley Financial Solutions during the fourth quarter worth about $10,373,000. Winmill & CO. Inc. bought a new stake in shares of Donnelley Financial Solutions during the fourth quarter worth $7,841,000. Jane Street Group LLC increased its holdings in shares of Donnelley Financial Solutions by 608.0% during the third quarter. Jane Street Group LLC now owns 66,931 shares of the company's stock worth $4,406,000 after buying an additional 57,477 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Donnelley Financial Solutions by 16.7% in the 4th quarter. William Blair Investment Management LLC now owns 375,729 shares of the company's stock valued at $23,569,000 after acquiring an additional 53,665 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Donnelley Financial Solutions by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,284 shares of the company's stock worth $29,906,000 after acquiring an additional 46,273 shares during the last quarter. Institutional investors and hedge funds own 93.84% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson reissued a "buy" rating and set a $72.00 price target on shares of Donnelley Financial Solutions in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of Donnelley Financial Solutions in a report on Friday, March 28th.

Donnelley Financial Solutions Trading Up 3.0 %

Shares of DFIN traded up $1.23 during mid-day trading on Friday, reaching $41.90. 300,474 shares of the company were exchanged, compared to its average volume of 216,059. The business has a 50 day simple moving average of $46.79 and a two-hundred day simple moving average of $57.27. Donnelley Financial Solutions, Inc. has a 52 week low of $37.80 and a 52 week high of $71.01. The stock has a market capitalization of $1.20 billion, a PE ratio of 13.69 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 1.04.

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

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).