Simcoe Capital Management LLC Grows Stock Position in Donnelley Financial Solutions $DFIN

Simcoe Capital Management LLC raised its position in shares of Donnelley Financial Solutions (NYSE:DFIN) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,187,190 shares of the company’s stock after acquiring an additional 149,455 shares during the period. Donnelley Financial Solutions makes up approximately 8.9% of Simcoe Capital Management LLC’s holdings, making the stock its 5th biggest holding. Simcoe Capital Management LLC owned approximately 4.47% of Donnelley Financial Solutions worth $61,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Donnelley Financial Solutions in the third quarter worth $52,000. Versant Capital Management Inc raised its stake in Donnelley Financial Solutions by 28.9% during the third quarter. Versant Capital Management Inc now owns 1,528 shares of the company’s stock valued at $79,000 after purchasing an additional 343 shares in the last quarter. LSV Asset Management purchased a new position in shares of Donnelley Financial Solutions in the 3rd quarter worth $87,000. Vestcor Inc purchased a new position in shares of Donnelley Financial Solutions in the 3rd quarter worth $160,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Donnelley Financial Solutions by 64.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,973 shares of the company’s stock worth $183,000 after buying an additional 1,160 shares during the last quarter. 93.84% of the stock is currently owned by institutional investors.

Donnelley Financial Solutions Trading Up 2.1%

DFIN stock opened at $49.52 on Friday. Donnelley Financial Solutions has a twelve month low of $37.07 and a twelve month high of $66.25. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 46.28 and a beta of 0.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $49.57 and its two-hundred day simple moving average is $49.79.

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

Insider Transactions at Donnelley Financial Solutions

In other Donnelley Financial Solutions news, insider Eric J. Johnson sold 20,280 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,017,244.80. Following the completion of the sale, the insider owned 116,814 shares of the company’s stock, valued at $5,859,390.24. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DFIN has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $57.00 target price on shares of Donnelley Financial Solutions in a report on Wednesday, January 14th. Zacks Research upgraded Donnelley Financial Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Donnelley Financial Solutions in a research note on Monday, December 29th. CJS Securities upgraded Donnelley Financial Solutions to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Donnelley Financial Solutions in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Donnelley Financial Solutions has a consensus rating of “Buy” and an average target price of $61.50.

Donnelley Financial Solutions Company 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.