GABELLI & Co INVESTMENT ADVISERS INC. Acquires Shares of 404,950 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. purchased a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 404,950 shares of the business services provider's stock, valued at approximately $3,620,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.09% of Dun & Bradstreet as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Dun & Bradstreet by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 19,628,905 shares of the business services provider's stock worth $175,482,000 after acquiring an additional 2,006,587 shares during the last quarter. Azora Capital LP lifted its stake in Dun & Bradstreet by 15.6% in the fourth quarter. Azora Capital LP now owns 9,213,826 shares of the business services provider's stock worth $114,804,000 after acquiring an additional 1,240,472 shares during the last quarter. Crescent Grove Advisors LLC lifted its position in shares of 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 buying an additional 498,558 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dun & Bradstreet by 2.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,161,075 shares of the business services provider's stock worth $37,200,000 after buying an additional 85,227 shares during the last quarter. Finally, Vulcan Value Partners LLC lifted its position in shares of Dun & Bradstreet by 50.3% during the 1st quarter. Vulcan Value Partners LLC now owns 4,103,360 shares of the business services provider's stock worth $36,684,000 after buying an additional 1,373,476 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company's stock.

Insider Buying and Selling

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 sale, the chairman owned 3,109,644 shares in the company, valued at $28,266,663.96. This represents a 44.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research report on Friday, May 2nd. Finally, Raymond James Financial downgraded shares of Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research report on Friday, June 13th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.63.

Dun & Bradstreet Stock Performance

DNB stock traded up $0.05 on Thursday, hitting $9.16. The company's stock had a trading volume of 17,828,715 shares, compared to its average volume of 3,879,425. The firm has a 50 day moving average of $9.11 and a two-hundred day moving average of $9.04. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.94. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -101.72 and a beta of 1.12. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04.

Dun & Bradstreet 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.