GSA Capital Partners LLP Purchases New Stake in Donnelley Financial Solutions $DFIN

GSA Capital Partners LLP purchased a new stake in shares of Donnelley Financial Solutions (NYSE:DFIN) in the 3rd quarter, Holdings Channel reports. The fund purchased 12,072 shares of the company’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DFIN. Vanguard Group Inc. raised its position in shares of Donnelley Financial Solutions by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,867,233 shares of the company’s stock valued at $96,032,000 after purchasing an additional 49,875 shares during the period. Assetmark Inc. grew its stake in Donnelley Financial Solutions by 4.2% in the 3rd quarter. Assetmark Inc. now owns 49,347 shares of the company’s stock valued at $2,538,000 after buying an additional 1,981 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Donnelley Financial Solutions by 23.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 107,288 shares of the company’s stock valued at $5,518,000 after acquiring an additional 20,591 shares during the period. Illinois Municipal Retirement Fund lifted its position in Donnelley Financial Solutions by 4.3% during the third quarter. Illinois Municipal Retirement Fund now owns 13,982 shares of the company’s stock worth $719,000 after acquiring an additional 579 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of Donnelley Financial Solutions during the third quarter worth approximately $87,000. 93.84% of the stock is currently owned by institutional investors and hedge funds.

Donnelley Financial Solutions Stock Performance

NYSE:DFIN opened at $47.35 on Monday. The stock has a fifty day moving average price of $48.52 and a 200-day moving average price of $50.25. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 44.25 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.06. Donnelley Financial Solutions has a fifty-two week low of $37.07 and a fifty-two week high of $66.25.

Donnelley Financial Solutions (NYSE:DFIN) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.30. Donnelley Financial Solutions had a return on equity of 23.88% and a net margin of 4.22%.The company had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $155.27 million. During the same quarter last year, the business earned $0.40 earnings per share. Donnelley Financial Solutions’s revenue was up 10.4% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised Donnelley Financial Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research downgraded Donnelley Financial Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. DA Davidson restated a “buy” rating and issued a $66.00 price target on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Donnelley Financial Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $61.50.

Donnelley Financial Solutions Profile

Donnelley Financial Solutions (NYSE:DFIN) offers risk and compliance software and managed services designed to help corporations, financial institutions and legal firms meet regulatory and reporting requirements worldwide. Headquartered in Chicago, the company delivers a cloud-based platform for regulatory filings, content automation, virtual data rooms and board communications. Its solutions are tailored to support public companies with SEC, FCA and other global filing obligations, as well as banks, asset managers and credit unions seeking to streamline compliance workflows.

Among DFIN’s flagship products is ActiveDisclosure, a SaaS application that automates the creation, review and filing of disclosure documents.