250,000 Shares in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Bought by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp has acquired a new stake in Dun & Bradstreet Holdings, Inc., purchasing 250,000 shares valued at approximately $2.24 million.
• Despite the investment, Dun & Bradstreet's stock recently traded down by 0.1%, reaching $9.10, with a year range between $7.78 and $12.94.
• Multiple analysts maintain a "hold" rating for Dun & Bradstreet, reflecting a consensus among brokerages, with an average target price of $11.86.

Alberta Investment Management Corp bought a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 250,000 shares of the business services provider's stock, valued at approximately $2,235,000. Alberta Investment Management Corp owned 0.06% of Dun & Bradstreet as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Dun & Bradstreet during the fourth quarter valued at approximately $26,817,000. Contour Asset Management LLC bought a new stake in Dun & Bradstreet in the fourth quarter worth approximately $17,018,000. Dimensional Fund Advisors LP boosted its holdings in shares of Dun & Bradstreet by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,622,318 shares of the business services provider's stock worth $219,566,000 after buying an additional 1,350,263 shares during the period. Azora Capital LP boosted its holdings 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 worth $114,804,000 after buying an additional 1,240,472 shares during the period. Finally, Bayberry Capital Partners LP acquired a new position in Dun & Bradstreet during the 4th quarter valued at $14,740,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Dun & Bradstreet Stock Up 0.1%

DNB traded up $0.01 during trading on Tuesday, reaching $9.12. The company had a trading volume of 2,466,646 shares, compared to its average volume of 2,563,786. 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 Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The business's fifty day moving average price is $9.08 and its 200 day moving average price is $9.33. The company has a market cap of $4.07 billion, a P/E ratio of -182.40 and a beta of 1.12.

Analyst Ratings Changes

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

Insider Activity at Dun & Bradstreet

In other news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $8.95, for a total value of $97,424,356.85. Following the sale, the director owned 23,810 shares of the company's stock, valued at $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.44% of the stock is currently owned by corporate insiders.

Dun & Bradstreet Company 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.