Burren Capital Advisors Ltd Acquires Shares of 301,098 Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Key Points

• Burren Capital Advisors Ltd acquired 301,098 shares of Dun & Bradstreet Holdings, valued at approximately $2.69 million, making it the firm's 4th largest investment position, comprising 9.6% of their portfolio.
• Director Chinh Chu and Chairman William P. Foley II sold significant portions of their shares, with Chu's sale representing a 99.78% decrease in ownership, indicating potential insider confidence issues.
• Recent analyst ratings for Dun & Bradstreet have transitioned to a consensus "Hold" rating, with Raymond James Financial downgrading the stock from "strong-buy" to "market perform".

Burren Capital Advisors Ltd bought a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 301,098 shares of the business services provider's stock, valued at approximately $2,692,000. Dun & Bradstreet makes up approximately 9.6% of Burren Capital Advisors Ltd's investment portfolio, making the stock its 4th largest position. Burren Capital Advisors Ltd owned 0.07% of Dun & Bradstreet at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Chinh Chu sold 10,885,403 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $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 accessible through the SEC website. Also, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $8.96, for a total value of $22,400,000.00. Following the sale, the chairman owned 5,609,644 shares in the company, valued at $50,262,410.24. This represents a 30.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DNB has been the topic of several research analyst reports. 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. Wall Street Zen assumed coverage on shares of Dun & Bradstreet in a research report on Wednesday, May 21st. They set a "hold" rating on the stock. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.86.

Dun & Bradstreet Stock Performance

NYSE:DNB opened at $9.12 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.62 and a current ratio of 0.62. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.94. The business has a 50 day moving average price of $9.07 and a 200-day moving average price of $9.45. The firm has a market cap of $4.07 billion, a PE ratio of -182.46 and a beta of 1.12.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. Dun & Bradstreet had a negative net margin of 0.88% and a positive return on equity of 11.51%. 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. The company's revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

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.

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