Assetmark Inc. Purchases 7,327 Shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN)

Assetmark Inc. lifted its position in shares of Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,200 shares of the company’s stock after purchasing an additional 7,327 shares during the quarter. Assetmark Inc. owned about 0.18% of Donnelley Financial Solutions worth $3,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DFIN. Farther Finance Advisors LLC boosted its position in shares of Donnelley Financial Solutions by 781.5% during the third quarter. Farther Finance Advisors LLC now owns 476 shares of the company’s stock valued at $31,000 after purchasing an additional 422 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Donnelley Financial Solutions by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 56,507 shares of the company’s stock valued at $3,720,000 after purchasing an additional 1,423 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $225,000. Los Angeles Capital Management LLC boosted its position in shares of Donnelley Financial Solutions by 49.9% during the third quarter. Los Angeles Capital Management LLC now owns 8,661 shares of the company’s stock valued at $570,000 after purchasing an additional 2,885 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Donnelley Financial Solutions during the third quarter valued at approximately $248,000. 93.84% of the stock is currently owned by institutional investors.

Insider Transactions at Donnelley Financial Solutions

In related news, CEO Daniel Leib sold 25,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $50.14, for a total transaction of $1,253,500.00. Following the completion of the sale, the chief executive officer now owns 515,191 shares in the company, valued at approximately $25,831,676.74. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary G. Greenfield acquired 1,000 shares of Donnelley Financial Solutions stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 43,128 shares of the company’s stock, valued at $2,108,527.92. The trade was a 2.37 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Donnelley Financial Solutions Stock Up 3.0 %

Shares of NYSE:DFIN opened at $47.30 on Monday. The stock has a fifty day simple moving average of $59.75 and a two-hundred day simple moving average of $62.28. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.44. Donnelley Financial Solutions, Inc. has a 12-month low of $45.09 and a 12-month high of $71.01. The company has a current ratio of 1.04, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29.

Donnelley Financial Solutions (NYSE:DFIN) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). Donnelley Financial Solutions had a net margin of 11.82% and a return on equity of 20.65%. The company had revenue of $156.30 million for the quarter, compared to analysts’ expectations of $169.20 million.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson dropped their price target on Donnelley Financial Solutions from $76.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC lowered their price objective on Donnelley Financial Solutions from $79.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th.

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).