Simcoe Capital Management LLC Cuts Holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Simcoe Capital Management LLC lessened its holdings in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 21.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,008,206 shares of the company’s stock after selling 268,599 shares during the quarter. Donnelley Financial Solutions accounts for approximately 8.7% of Simcoe Capital Management LLC’s portfolio, making the stock its 5th largest position. Simcoe Capital Management LLC’s holdings in Donnelley Financial Solutions were worth $66,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock valued at $28,000 after acquiring an additional 198 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Donnelley Financial Solutions by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the company’s stock worth $745,000 after buying an additional 200 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Donnelley Financial Solutions by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 15,839 shares of the company’s stock valued at $944,000 after purchasing an additional 249 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Donnelley Financial Solutions by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,975 shares of the company’s stock valued at $1,381,000 after acquiring an additional 289 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of Donnelley Financial Solutions by 5.2% in the third quarter. Inspire Investing LLC now owns 6,236 shares of the company’s stock worth $411,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 93.84% of the company’s stock.

Insider Buying and Selling at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 2,881 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $70.03, for a total transaction of $201,756.43. Following the completion of the sale, the chief executive officer now owns 517,810 shares in the company, valued at $36,262,234.30. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Jacobowitz sold 234,041 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $58.47, for a total value of $13,684,377.27. Following the completion of the transaction, the director now owns 774,165 shares in the company, valued at $45,265,427.55. This trade represents a 23.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 425,331 shares of company stock worth $26,738,613 over the last three months. Insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DFIN shares. B. Riley dropped their target price on shares of Donnelley Financial Solutions from $80.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $79.00 price target on shares of Donnelley Financial Solutions in a research note on Friday, November 1st.

Donnelley Financial Solutions Price Performance

Shares of DFIN opened at $60.25 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.83 and a beta of 1.38. The company has a 50 day moving average price of $63.19 and a 200-day moving average price of $63.12. Donnelley Financial Solutions, Inc. has a fifty-two week low of $56.02 and a fifty-two week high of $71.01.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.28). The firm had revenue of $179.50 million for the quarter, compared to analysts’ expectations of $181.55 million. Donnelley Financial Solutions had a return on equity of 22.70% and a net margin of 12.06%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. Equities analysts predict that Donnelley Financial Solutions, Inc. will post 3.23 earnings per share for the current fiscal year.

Donnelley Financial Solutions Profile

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).