Alpine Associates Management Inc. Buys Shares of 1,010,600 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. acquired a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,010,600 shares of the business services provider's stock, valued at approximately $9,035,000. Alpine Associates Management Inc. owned about 0.23% of Dun & Bradstreet at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DNB. Oak Thistle LLC bought a new position in shares of Dun & Bradstreet during the 1st quarter valued at approximately $93,000. Neo Ivy Capital Management bought a new position in Dun & Bradstreet during the fourth quarter valued at $96,000. Vest Financial LLC bought a new position in Dun & Bradstreet during the first quarter valued at $106,000. True Link Financial Advisors LLC bought a new position in Dun & Bradstreet during the first quarter valued at $114,000. Finally, Brown Miller Wealth Management LLC bought a new position in Dun & Bradstreet during the first quarter valued at $122,000. Institutional investors own 86.68% of the company's stock.

Dun & Bradstreet Price Performance

DNB stock remained flat at $9.10 during mid-day trading on Friday. 2,487,259 shares of the company's stock were exchanged, compared to its average volume of 2,287,750. Dun & Bradstreet Holdings, Inc. has a twelve month low of $7.78 and a twelve month high of $12.94. The stock has a market cap of $4.06 billion, a P/E ratio of 10.35 and a beta of 1.12. The business has a 50 day moving average of $9.08 and a 200 day moving average of $9.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.62.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The company had revenue of $579.80 million for the quarter, compared to analysts' expectations of $578.02 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Dun & Bradstreet's revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Dun & Bradstreet

In other Dun & Bradstreet news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the transaction, the director directly owned 23,810 shares in the company, valued at $213,099.50. This represents a 99.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.44% of the stock is currently owned by insiders.

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.