GABELLI & Co INVESTMENT ADVISERS INC. Purchases New Stake in Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• GABELLI & Co INVESTMENT ADVISERS INC. has invested $3.62 million in Dun & Bradstreet Holdings, acquiring 404,950 shares, representing about 0.09% of the company's total shares.
• Insider activity includes Chairman William P. Foley II selling 2.5 million shares for approximately $22.7 million, reducing his ownership by 44.57%.
• Analysts maintain a consensus rating of "Hold" on Dun & Bradstreet, with a consensus target price of $11.63 per share.

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 404,950 shares of the business services provider's stock, valued at approximately $3,620,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.09% of Dun & Bradstreet at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Stifel Financial Corp boosted its stake in Dun & Bradstreet by 11.1% in the 4th quarter. Stifel Financial Corp now owns 74,995 shares of the business services provider's stock valued at $934,000 after buying an additional 7,493 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Dun & Bradstreet by 19.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 181,308 shares of the business services provider's stock valued at $2,260,000 after acquiring an additional 29,928 shares during the period. Voya Investment Management LLC boosted its stake in shares of Dun & Bradstreet by 47.4% in the 4th quarter. Voya Investment Management LLC now owns 58,858 shares of the business services provider's stock valued at $733,000 after purchasing an additional 18,917 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Dun & Bradstreet by 10.9% in the 4th quarter. Northern Trust Corp now owns 1,659,092 shares of the business services provider's stock worth $20,672,000 after purchasing an additional 163,692 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Dun & Bradstreet by 148.9% during the 4th quarter. Jane Street Group LLC now owns 142,099 shares of the business services provider's stock worth $1,771,000 after purchasing an additional 85,014 shares in the last quarter. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Price Performance

NYSE:DNB traded up $0.05 during mid-day trading on Friday, reaching $9.16. 17,828,715 shares of the company were exchanged, compared to its average volume of 3,879,425. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The stock has a market cap of $4.08 billion, a PE ratio of -101.72 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The company has a fifty day moving average of $9.11 and a 200 day moving average of $9.01.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $9.09, for a total transaction of $22,725,000.00. Following the sale, the chairman directly owned 3,109,644 shares of the company's stock, valued at $28,266,663.96. This represents a 44.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.44% of the company's stock.

Wall Street Analysts Forecast Growth

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 note on Friday, June 13th. Wall Street Zen initiated coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating on the stock. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.63.

About Dun & Bradstreet

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.