Donnelley Financial Solutions Inc (NYSE:DFIN) Sees Significant Decrease in Short Interest

Donnelley Financial Solutions Inc (NYSE:DFIN) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 1,570,000 shares, a drop of 10.3% from the June 15th total of 1,750,000 shares. Based on an average daily volume of 306,500 shares, the short-interest ratio is presently 5.1 days. Currently, 4.8% of the shares of the stock are short sold.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson cut their price objective on Donnelley Financial Solutions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. ValuEngine raised Donnelley Financial Solutions from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Finally, BTIG Research reissued a “buy” rating and set a $11.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.25.

Shares of NYSE:DFIN traded down $0.35 during mid-day trading on Thursday, reaching $8.13. 281,368 shares of the company’s stock were exchanged, compared to its average volume of 303,727. The firm has a market capitalization of $285.72 million, a price-to-earnings ratio of 6.33 and a beta of 2.15. The business’s fifty day moving average price is $8.35 and its 200-day moving average price is $8.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.30 and a current ratio of 1.38. Donnelley Financial Solutions has a twelve month low of $4.04 and a twelve month high of $14.58.

Donnelley Financial Solutions (NYSE:DFIN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.15. The business had revenue of $220.70 million during the quarter, compared to the consensus estimate of $226.23 million. Donnelley Financial Solutions had a return on equity of 16.41% and a net margin of 4.98%. Analysts predict that Donnelley Financial Solutions will post 1.43 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Donnelley Financial Solutions by 54.5% in the 1st quarter. FMR LLC now owns 3,771,091 shares of the company’s stock valued at $56,114,000 after purchasing an additional 1,330,408 shares during the last quarter. Swiss National Bank boosted its position in Donnelley Financial Solutions by 2.5% during the fourth quarter. Swiss National Bank now owns 62,304 shares of the company’s stock valued at $652,000 after acquiring an additional 1,500 shares during the last quarter. State Street Corp grew its holdings in Donnelley Financial Solutions by 5.7% during the 4th quarter. State Street Corp now owns 979,649 shares of the company’s stock worth $10,257,000 after acquiring an additional 52,984 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Donnelley Financial Solutions by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 429,879 shares of the company’s stock worth $4,501,000 after acquiring an additional 16,718 shares during the period. Finally, Barclays PLC raised its position in shares of Donnelley Financial Solutions by 99.0% in the 4th quarter. Barclays PLC now owns 88,495 shares of the company’s stock worth $926,000 after acquiring an additional 44,019 shares in the last quarter. Institutional investors own 93.64% of the company’s stock.

About Donnelley Financial Solutions

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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