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.
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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