RR Donnelley & Sons (NYSE:RRD) Trading Up 6.2% Following Insider Buying Activity

RR Donnelley & Sons Co (NYSE:RRD) was up 6.2% during trading on Thursday following insider buying activity. The stock traded as high as $2.25 and last traded at $2.23, approximately 1,325,603 shares were traded during mid-day trading. An increase of 36% from the average daily volume of 974,942 shares. The stock had previously closed at $2.10.

Specifically, major shareholder Chatham Asset Management, Llc bought 776,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was bought at an average cost of $2.03 per share, for a total transaction of $1,575,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.07% of the company’s stock.

Separately, Zacks Investment Research upgraded RR Donnelley & Sons from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.

The firm’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $3.53. The company has a market capitalization of $137.35 million, a price-to-earnings ratio of 3.19 and a beta of 1.69.

RR Donnelley & Sons (NYSE:RRD) last announced its earnings results on Tuesday, July 30th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.12. RR Donnelley & Sons had a negative net margin of 0.07% and a negative return on equity of 23.01%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned ($0.09) EPS. The company’s revenue was down 10.2% on a year-over-year basis. Equities research analysts predict that RR Donnelley & Sons Co will post 0.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Wednesday, August 14th. RR Donnelley & Sons’s dividend payout ratio is presently 17.14%.

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in RR Donnelley & Sons by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 752,544 shares of the business services provider’s stock valued at $2,980,000 after acquiring an additional 64,721 shares during the period. Norges Bank bought a new stake in RR Donnelley & Sons during the fourth quarter valued at about $2,234,000. SG Americas Securities LLC boosted its holdings in RR Donnelley & Sons by 73.2% during the first quarter. SG Americas Securities LLC now owns 71,940 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 30,393 shares during the period. Bank of America Corp DE boosted its holdings in RR Donnelley & Sons by 626.6% during the fourth quarter. Bank of America Corp DE now owns 469,705 shares of the business services provider’s stock valued at $1,860,000 after acquiring an additional 405,058 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in RR Donnelley & Sons by 104.5% during the first quarter. Meeder Asset Management Inc. now owns 30,955 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 15,821 shares during the period. Hedge funds and other institutional investors own 81.97% of the company’s stock.

RR Donnelley & Sons Company Profile (NYSE:RRD)

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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