Alpine Associates Management Inc. Invests $9.04 Million in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Alpine Associates Management Inc. has purchased 1,010,600 shares of Dun & Bradstreet Holdings, valued at approximately $9,035,000, increasing its stake to 0.23% of the company.
• Dun & Bradstreet reported earnings of $0.21 per share, which surpassed analysts' expectations, with revenue for the quarter reaching $579.80 million.
• Insider transactions include William P. Foley II, the Chairman, selling 2.5 million shares, resulting in a 30.83% decrease in his ownership of the stock.

Alpine Associates Management Inc. bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,010,600 shares of the business services provider's stock, valued at approximately $9,035,000. Alpine Associates Management Inc. owned 0.23% of Dun & Bradstreet at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Dun & Bradstreet by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 57,773,925 shares of the business services provider's stock valued at $719,863,000 after purchasing an additional 1,275,959 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dun & Bradstreet by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock valued at $219,566,000 after purchasing an additional 1,350,263 shares in the last quarter. FMR LLC lifted its position in shares of Dun & Bradstreet by 9.7% during the 4th quarter. FMR LLC now owns 12,575,015 shares of the business services provider's stock valued at $156,685,000 after acquiring an additional 1,109,940 shares during the period. Azora Capital LP lifted its position in shares of Dun & Bradstreet by 15.6% during the 4th quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock valued at $114,804,000 after acquiring an additional 1,240,472 shares during the period. Finally, Crescent Grove Advisors LLC lifted its position in shares of Dun & Bradstreet by 8.1% during the 1st quarter. Crescent Grove Advisors LLC now owns 6,678,062 shares of the business services provider's stock valued at $59,702,000 after acquiring an additional 498,558 shares during the period. Institutional investors and hedge funds own 86.68% of the company's stock.

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of Dun & Bradstreet stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total value of $97,424,356.85. Following the completion of the transaction, the director owned 23,810 shares in the company, valued at approximately $213,099.50. The trade was a 99.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen assumed coverage on Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Raymond James Financial lowered shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $11.86.

Dun & Bradstreet Stock Performance

NYSE DNB traded up $0.01 during midday trading on Monday, hitting $9.12. The company had a trading volume of 1,522,730 shares, compared to its average volume of 8,712,463. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -182.30 and a beta of 1.12. The firm has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $9.35. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $579.80 million for the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. The firm's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. Equities analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal 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.