AlphaQuest LLC boosted its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 6,208,300.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,084 shares of the business services provider's stock after buying an additional 62,083 shares during the period. AlphaQuest LLC's holdings in Dun & Bradstreet were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of DNB. Caitong International Asset Management Co. Ltd purchased a new position in Dun & Bradstreet in the 1st quarter valued at approximately $68,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at $73,000. Oak Thistle LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at $93,000. Summit Securities Group LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at $93,000. Finally, Neo Ivy Capital Management purchased a new position in shares of Dun & Bradstreet during the 4th quarter valued at $96,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Dun & Bradstreet
In related news, Chairman William P. Foley II sold 2,500,000 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total value of $22,725,000.00. Following the completion of the transaction, the chairman directly owned 3,109,644 shares in the company, valued at approximately $28,266,663.96. The trade was a 44.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.44% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Raymond James Financial lowered shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research report on Friday, June 13th. Wall Street Zen assumed coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating for the company. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $11.63.
Get Our Latest Research Report on Dun & Bradstreet
Dun & Bradstreet Price Performance
NYSE:DNB traded up $0.05 during midday trading on Friday, hitting $9.16. The company had a trading volume of 17,828,715 shares, compared to its average volume of 3,879,425. Dun & Bradstreet Holdings, Inc. has a 52-week low of $7.78 and a 52-week high of $12.94. The stock's fifty day moving average price is $9.11 and its 200-day moving average price is $9.00. The company has a market capitalization of $4.08 billion, a PE ratio of -101.72 and a beta of 1.12. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.
Dun & Bradstreet Profile
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Free Report)
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.
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