Donnelley Financial Solutions director sells over $18 million in company stock

In a recent transaction, Jeffrey Jacobowitz, a director at Donnelley Financial Solutions, Inc. (NYSE:DFIN ), sold a significant amount of company stock, totaling approximately $18.4 million. The series of sales took place between September 18 and September 20, 2024, with prices ranging from $67.0671 to $70.2041 per share.

The sales were executed in multiple transactions over the course of three days. On September 18, Jacobowitz sold 72,354 shares with individual transaction prices stretching from $68.08 to $70.19. The following day, on September 19, he disposed of 80,340 shares at prices between $68.19 and $70.2041. The final sale occurred on September 20, with 113,315 shares sold at a price range of $67.00 to $69.29.

These transactions have adjusted Jeffrey Jacobowitz's holdings in Donnelley Financial Solutions, which, according to the footnotes in the SEC filing, are indirectly owned through entities such as Simcoe Partners, L.P. and SDR Partners, LLC. Jacobowitz serves as the Managing Member of the entities that manage these partnerships. After the reported sales, the total direct and indirect holdings amount to over 1 million shares, not including an additional 49,092 shares, which consist of direct holdings and restricted stock units.

Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. However, it should be noted that these transactions do not necessarily indicate a change in company fundamentals, and there can be various reasons for an insider to sell stock, including personal financial planning.

Donnelley Financial Solutions, based in Chicago, specializes in providing financial communications and data services. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol DFIN.



In other recent news, Donnelley Financial Solutions reported strong Q2 2024 results, with increased revenue and record quarterly adjusted EBITDA. A significant contributor to these figures was the company's software solutions, which saw a 14.4% organic growth year-over-year. Particularly, Venue, Donnelley's virtual dataroom product, experienced a sales growth of approximately 38%.

Despite a 7.4% decrease in net sales in the capital markets compliance and communications management segment, the company maintains a positive outlook for its software segment growth. For Q3 2024, Donnelley Financial expects consolidated net sales between $175 million to $185 million and an adjusted EBITDA margin in the mid-to-high 20s range.

In the face of a weak IPO market and client churn, Donnelley Financial has managed to maintain growth through strategic focus on software solutions and compliance services. The company is optimistic about the rest of the year and 2025, with a strong pipeline and product offerings. These are the recent developments from Donnelley Financial Solutions.
InvestingPro Insights


Amid the recent insider trading activity at Donnelley Financial Solutions, Inc. (NYSE:DFIN), investors may find additional context in the company's financial performance and market valuation. According to InvestingPro data, Donnelley Financial Solutions has a market capitalization of approximately $1.97 billion, reflecting its place in the market. The company's Price/Earnings (P/E) ratio stands at 18.86, which is considered low relative to its near-term earnings growth, potentially indicating a value opportunity.

InvestingPro Tips suggest that Donnelley Financial Solutions has a perfect Piotroski Score of 9, demonstrating strong financial health. Moreover, the company has been profitable over the last twelve months, with a robust return on assets of 11.89%. This profitability is anticipated to continue, as analysts predict the company will remain profitable this year. It's also worth noting that the company has experienced a strong return over the last three months, with a 15.3% price total return, signaling positive momentum in its stock price.

For investors seeking more comprehensive analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/DFIN, which may offer further insights into Donnelley Financial Solutions' financial health and market position.

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Source: Investing.com