Picton Mahoney Asset Management Makes New Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Picton Mahoney Asset Management purchased a new position in shares of 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. The fund purchased 750,443 shares of the business services provider's stock, valued at approximately $6,709,000. Picton Mahoney Asset Management owned approximately 0.17% of Dun & Bradstreet as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dun & Bradstreet by 36.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,311 shares of the business services provider's stock valued at $798,000 after purchasing an additional 24,032 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Dun & Bradstreet in the 1st quarter valued at $1,186,000. Burren Capital Advisors Ltd acquired a new position in Dun & Bradstreet in the 1st quarter valued at $2,692,000. Neo Ivy Capital Management increased its stake in Dun & Bradstreet by 115.1% in the 1st quarter. Neo Ivy Capital Management now owns 16,730 shares of the business services provider's stock valued at $150,000 after buying an additional 8,951 shares during the period. Finally, Oak Thistle LLC acquired a new position in Dun & Bradstreet in the 1st quarter valued at $93,000. Institutional investors and hedge funds own 86.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. 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 assumed coverage on shares of Dun & Bradstreet in a research note on Wednesday, May 21st. They issued a "hold" rating on the stock. Finally, Needham & Company LLC reissued a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.86.

Dun & Bradstreet Stock Performance

NYSE:DNB remained flat at $9.10 during mid-day trading on Friday. The company had a trading volume of 2,487,259 shares, compared to its average volume of 2,287,750. The business's fifty day moving average price is $9.08 and its two-hundred day moving average price is $9.38. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -182.00 and a beta of 1.12. Dun & Bradstreet Holdings, Inc. has a 1 year low of $7.78 and a 1 year high of $12.94. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

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, beating the consensus estimate of $0.20 by $0.01. Dun & Bradstreet had a positive return on equity of 11.51% and a negative net margin of 0.88%. The business had revenue of $579.80 million during the quarter, compared to analyst estimates of $578.02 million. During the same period in the previous year, the company earned $0.20 EPS. The firm's revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Chinh Chu sold 10,885,403 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 23,810 shares in the company, valued at approximately $213,099.50. The trade was a 99.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.44% of the stock is currently owned by corporate 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.