Rubric Capital Management LP bought a new position in Donnelley Financial Solutions Inc (NASDAQ:DFIN) during the second quarter, Holdings Channel reports. The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $3,444,000.

Other institutional investors also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of Donnelley Financial Solutions by 3.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,200 shares of the company’s stock worth $142,000 after buying an additional 190 shares in the last quarter. NGAM Advisors L.P. increased its position in shares of Donnelley Financial Solutions by 59.8% in the second quarter. NGAM Advisors L.P. now owns 116,329 shares of the company’s stock worth $2,671,000 after buying an additional 43,510 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Donnelley Financial Solutions by 35.2% in the second quarter. Great West Life Assurance Co. Can now owns 47,658 shares of the company’s stock worth $1,093,000 after buying an additional 12,400 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Donnelley Financial Solutions during the second quarter worth $472,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Donnelley Financial Solutions during the second quarter worth $1,829,000.

Shares of Donnelley Financial Solutions Inc (DFIN) opened at 20.54 on Friday. The company’s 50 day moving average is $22.54 and its 200-day moving average is $22.15. The company has a market capitalization of $692.20 million and a P/E ratio of 17.99. Donnelley Financial Solutions Inc has a 1-year low of $18.02 and a 1-year high of $29.00.

Donnelley Financial Solutions (NASDAQ:DFIN) last posted its earnings results on Wednesday, August 2nd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.82 by $0.06. Donnelley Financial Solutions had a return on equity of 51.81% and a net margin of 6.48%. The business had revenue of $290.20 million for the quarter, compared to analyst estimates of $294.70 million. The company’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts forecast that Donnelley Financial Solutions Inc will post $1.64 EPS for the current year.

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A number of equities analysts have weighed in on DFIN shares. Citigroup Inc. started coverage on shares of Donnelley Financial Solutions in a research note on Monday, June 19th. They issued a “neutral” rating and a $25.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Donnelley Financial Solutions in a research note on Monday, June 19th. They set a “market perform” rating and a $24.00 price target for the company. Finally, Bank of America Corporation assumed coverage on shares of Donnelley Financial Solutions in a research note on Friday, June 23rd. They set a “buy” rating for the company.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc is a financial communications services company that supports global capital markets compliance and transaction needs for its corporate clients and their advisors (such as law firms and investment bankers), and global investment markets compliance and analytics needs for mutual fund companies, variable annuity providers and broker/dealers.

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Institutional Ownership by Quarter for Donnelley Financial Solutions (NASDAQ:DFIN)

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