Private Management Group Inc. Reduces Position in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Private Management Group Inc. lessened its stake in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 46.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,259 shares of the company’s stock after selling 124,045 shares during the period. Private Management Group Inc.’s holdings in Donnelley Financial Solutions were worth $8,810,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DFIN. SG Americas Securities LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth approximately $310,000. Exchange Traded Concepts LLC purchased a new stake in Donnelley Financial Solutions during the 3rd quarter worth approximately $429,000. Boston Trust Walden Corp purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at $25,804,000. Ellsworth Advisors LLC purchased a new stake in shares of Donnelley Financial Solutions in the 3rd quarter valued at $448,000. Finally, Assetmark Inc. boosted its holdings in shares of Donnelley Financial Solutions by 1.2% in the 3rd quarter. Assetmark Inc. now owns 33,882 shares of the company’s stock valued at $1,907,000 after acquiring an additional 398 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Insider Buying and Selling

In related news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Daniel Leib sold 33,122 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $64.37, for a total transaction of $2,132,063.14. Following the completion of the sale, the chief executive officer now directly owns 524,352 shares in the company, valued at $33,752,538.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Luis A. Aguilar sold 3,047 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $63.84, for a total transaction of $194,520.48. Following the sale, the director now owns 58,594 shares of the company’s stock, valued at $3,740,640.96. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson raised shares of Donnelley Financial Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $72.00 in a report on Friday, April 12th. Needham & Company LLC upped their price objective on shares of Donnelley Financial Solutions from $65.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, February 21st.

Donnelley Financial Solutions Price Performance

Shares of NYSE:DFIN traded down $0.38 during midday trading on Wednesday, hitting $65.00. The company’s stock had a trading volume of 236,881 shares, compared to its average volume of 181,042. The business’s 50 day simple moving average is $62.46 and its 200 day simple moving average is $60.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $1.91 billion, a P/E ratio of 24.02 and a beta of 1.50. Donnelley Financial Solutions, Inc. has a 12-month low of $40.73 and a 12-month high of $66.21.

Donnelley Financial Solutions (NYSE:DFIN) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Donnelley Financial Solutions had a return on equity of 22.89% and a net margin of 10.31%. The firm had revenue of $176.50 million for the quarter, compared to analyst estimates of $169.35 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. Donnelley Financial Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts forecast that Donnelley Financial Solutions, Inc. will post 2.93 EPS for the current year.

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).