Dark Forest Capital Management LP Purchases New Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Dark Forest Capital Management LP acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 62,111 shares of the business services provider’s stock, valued at approximately $774,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in shares of Dun & Bradstreet by 11.1% in the 4th quarter. Stifel Financial Corp now owns 74,995 shares of the business services provider’s stock valued at $934,000 after buying an additional 7,493 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Dun & Bradstreet by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider’s stock worth $219,566,000 after acquiring an additional 1,350,263 shares during the last quarter. Forum Financial Management LP acquired a new position in Dun & Bradstreet in the fourth quarter valued at approximately $209,000. Marshall Wace LLP grew its holdings in shares of Dun & Bradstreet by 197.1% during the fourth quarter. Marshall Wace LLP now owns 329,029 shares of the business services provider’s stock valued at $4,100,000 after purchasing an additional 218,300 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of Dun & Bradstreet during the 4th quarter worth approximately $2,783,000. Institutional investors own 86.68% of the company’s stock.

Insider Buying and Selling

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the sale, the chairman now directly owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com started coverage on Dun & Bradstreet in a research note on Saturday, April 19th. They set a “hold” rating for the company. Needham & Company LLC restated a “hold” rating and set a $14.00 price target on shares of Dun & Bradstreet in a research report on Monday, March 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group cut their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.86.

Dun & Bradstreet Stock Down 0.1 %

DNB stock opened at $9.14 on Friday. The firm’s 50-day moving average is $8.82 and its two-hundred day moving average is $10.82. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -152.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06.

Dun & Bradstreet (NYSE:DNB) last released its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $631.90 million during the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. On average, analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.19%. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Dun & Bradstreet Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.