Crestline Management LP Buys New Position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Crestline Management LP bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 213,414 shares of the business services provider's stock, valued at approximately $2,659,000.

Several other institutional investors and hedge funds have also modified their holdings of DNB. Amundi boosted its stake in Dun & Bradstreet by 27.9% in the fourth quarter. Amundi now owns 5,158 shares of the business services provider's stock worth $64,000 after purchasing an additional 1,126 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Dun & Bradstreet in the fourth quarter valued at about $127,000. New World Advisors LLC acquired a new position in Dun & Bradstreet during the 4th quarter worth about $143,000. KBC Group NV grew its holdings in Dun & Bradstreet by 30.2% during the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock worth $160,000 after acquiring an additional 2,983 shares during the last quarter. Finally, Xponance Inc. increased its position in Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock valued at $165,000 after acquiring an additional 1,881 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DNB has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Jefferies Financial Group restated a "hold" rating and set a $9.15 target price (down previously from $11.00) on shares of Dun & Bradstreet in a research report on Tuesday, March 25th. Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Finally, StockNews.com started coverage on Dun & Bradstreet in a research report on Monday, May 5th. They issued a "hold" rating for the company. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.86.

Insider Activity at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $8.96, for a total transaction of $22,400,000.00. Following the completion of the sale, the chairman now directly owns 5,609,644 shares of the company's stock, valued at approximately $50,262,410.24. This represents a 30.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.44% of the stock is owned by corporate insiders.

Dun & Bradstreet Trading Down 0.2 %

NYSE:DNB traded down $0.02 during mid-day trading on Friday, hitting $8.95. The company had a trading volume of 16,250,616 shares, compared to its average volume of 5,997,521. The firm has a market cap of $4.00 billion, a P/E ratio of -149.14, a P/E/G ratio of 2.21 and a beta of 1.14. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95. The business's fifty day moving average is $8.73 and its two-hundred day moving average is $10.63. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. The business had revenue of $579.80 million for the quarter, compared to analyst estimates of $578.02 million. During the same quarter last year, the firm earned $0.20 EPS. Dun & Bradstreet's quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

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.