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Donnelley Financial Solutions, Inc. (NYSE:DFIN) Short Interest Update

Financial News Live · Sep 1, 2022 19:42

Donnelley Financial Solutions, Inc. (NYSE:DFIN – Get Rating) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,290,000 shares, a decline of 12.8% from the July 31st total of 1,480,000 shares. Based on an average daily volume of 233,200 shares, the short-interest ratio is currently 5.5 days. Currently, 4.6% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, B. Riley dropped their target price on shares of Donnelley Financial Solutions from $45.00 to $40.00 in a report on Tuesday, August 2nd.

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Donnelley Financial Solutions Price Performance

Shares of DFIN stock traded down $0.50 on Thursday, reaching $41.95. The company had a trading volume of 560,115 shares, compared to its average volume of 265,913. The stock has a market capitalization of $1.25 billion, a PE ratio of 10.25 and a beta of 1.90. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.69. Donnelley Financial Solutions has a one year low of $24.60 and a one year high of $52.33. The business's 50-day moving average is $36.03 and its 200 day moving average is $32.75.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Craig Clay sold 4,435 shares of the business's 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 completion of the sale, the insider now owns 117,304 shares of the company's stock, valued at $3,307,972.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Craig Clay sold 4,435 shares of the company's stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $28.20, for a total transaction of $125,067.00. Following the completion of the sale, the insider now owns 117,304 shares of the company's stock, valued at $3,307,972.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David A. Gardella sold 74,265 shares of the company's 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 sale, the chief financial officer now directly owns 157,465 shares of the company's stock, valued at approximately $6,640,299.05. The disclosure for this sale can be found here. Insiders have sold a total of 98,749 shares of company stock worth $4,109,105 over the last ninety days. Insiders own 13.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DFIN. Qube Research & Technologies Ltd acquired a new stake in Donnelley Financial Solutions during the 4th quarter valued at approximately $1,308,000. Exchange Traded Concepts LLC lifted its holdings in shares of Donnelley Financial Solutions by 22.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 15,031 shares of the company's stock worth $500,000 after purchasing an additional 2,718 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Donnelley Financial Solutions by 10.6% in the 4th quarter. Raymond James & Associates now owns 59,598 shares of the company's stock worth $2,809,000 after purchasing an additional 5,721 shares in the last quarter. Quantedge Capital Pte Ltd bought a new position in shares of Donnelley Financial Solutions in the 4th quarter worth $2,046,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Donnelley Financial Solutions by 316.4% in the 1st quarter. SG Americas Securities LLC now owns 11,459 shares of the company's stock worth $381,000 after purchasing an additional 8,707 shares in the last quarter. Institutional investors and hedge funds own 95.92% of the company's stock.

About Donnelley Financial Solutions

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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).