Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Rating) were down 6% on Friday . The stock traded as low as $39.29 and last traded at $39.45. Approximately 8,977 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 265,913 shares. The stock had previously closed at $41.95.
Wall Street Analyst Weigh In
Separately, B. Riley dropped their target price on Donnelley Financial Solutions from $45.00 to $40.00 in a research report on Tuesday, August 2nd.
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Donnelley Financial Solutions Stock Performance
The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $36.03 and a two-hundred day simple moving average of $32.75. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.50 and a beta of 1.90.
Insiders Place Their Bets
In other news, insider Craig Clay sold 4,435 shares of the stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $28.20, for a total transaction of $125,067.00. Following the transaction, the insider now owns 117,304 shares of the company's stock, valued at approximately $3,307,972.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO David A. Gardella sold 74,265 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $42.17, for a total transaction of $3,131,755.05. Following the transaction, the chief financial officer now owns 157,465 shares of the company's stock, valued at approximately $6,640,299.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Clay sold 4,435 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $28.20, for a total value of $125,067.00. Following the transaction, the insider now directly owns 117,304 shares in the company, valued at approximately $3,307,972.80. The disclosure for this sale can be found here. Insiders have sold a total of 98,749 shares of company stock valued at $4,109,105 in the last three months. Insiders own 13.60% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $1,308,000. Exchange Traded Concepts LLC boosted its stake in Donnelley Financial Solutions by 22.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,031 shares of the company's stock valued at $500,000 after purchasing an additional 2,718 shares during the period. Raymond James & Associates boosted its stake in Donnelley Financial Solutions by 10.6% during the 4th quarter. Raymond James & Associates now owns 59,598 shares of the company's stock valued at $2,809,000 after purchasing an additional 5,721 shares during the period. Quantedge Capital Pte Ltd bought a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $2,046,000. Finally, SG Americas Securities LLC boosted its stake in Donnelley Financial Solutions by 316.4% during the 1st quarter. SG Americas Securities LLC now owns 11,459 shares of the company's stock valued at $381,000 after purchasing an additional 8,707 shares during the period. Institutional investors and hedge funds own 95.92% of the company's stock.
Donnelley Financial Solutions Company Profile
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Donnelley Financial Solutions, Inc operates as a risk and compliance solutions company worldwide. The company 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).
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