Cannon Global Investment Management LLC Makes New Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Cannon Global Investment Management LLC bought a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 30,000 shares of the business services provider's stock, valued at approximately $268,000.

Several other large investors also recently modified their holdings of DNB. CIBRA Capital Ltd acquired a new stake in shares of Dun & Bradstreet during the 1st quarter worth about $8,395,000. Summit Trail Advisors LLC bought a new position in shares of Dun & Bradstreet in the 1st quarter valued at about $137,000. Crescent Grove Advisors LLC grew its holdings in 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 worth $59,702,000 after acquiring an additional 498,558 shares during the period. Illinois Municipal Retirement Fund grew its stake in shares of Dun & Bradstreet by 32.6% during the first quarter. Illinois Municipal Retirement Fund now owns 200,314 shares of the business services provider's stock worth $1,791,000 after purchasing an additional 49,192 shares during the period. Finally, New World Advisors LLC grew its position in shares of Dun & Bradstreet by 30.4% during the 1st quarter. New World Advisors LLC now owns 15,000 shares of the business services provider's stock worth $134,000 after buying an additional 3,500 shares during the period. 86.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DNB shares. Raymond James Financial downgraded Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Jefferies Financial Group reiterated a "hold" rating and set a $9.15 price objective (down previously from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. Wall Street Zen started coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They set a "hold" rating for the company. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Dun & Bradstreet in a report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.86.

Dun & Bradstreet Stock Performance

Shares of NYSE DNB remained flat at $9.10 during midday trading on Thursday. 1,071,858 shares of the stock were exchanged, compared to its average volume of 6,306,315. The firm has a market cap of $4.06 billion, a P/E ratio of -182.00 and a beta of 1.12. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock's fifty day moving average price is $9.03 and its 200 day moving average price is $9.83. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.21 earnings per share 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 company had revenue of $579.80 million during the quarter, compared to the consensus estimate of $578.02 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm's quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm's 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 directly owned 5,609,644 shares in the company, valued at approximately $50,262,410.24. This trade represents a 30.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chinh Chu sold 10,885,403 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $8.95, for a total transaction of $97,424,356.85. Following the transaction, the director owned 23,810 shares of the company's stock, valued at $213,099.50. This trade represents a 99.78% 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.

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.