136,470 Shares in Dun & Bradstreet Holdings, Inc. $DNB Bought by TIG Advisors LLC

Key Points

• TIG Advisors LLC has made a new investment of approximately $1.22 million in Dun & Bradstreet Holdings, acquiring 136,470 shares during the first quarter.
• Insider activity reports reveal that Chairman William P. Foley II sold 2.5 million shares at an average price of $9.09, reducing his ownership by 44.57%.
• Research analysts have recently set a consensus price target of $11.63 for Dun & Bradstreet, with an average rating of "Hold."

TIG Advisors LLC bought a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 136,470 shares of the business services provider's stock, valued at approximately $1,220,000.

A number of other institutional investors have also added to or reduced their stakes in DNB. Dimensional Fund Advisors LP increased its stake in Dun & Bradstreet by 11.4% in the 1st 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. Vulcan Value Partners LLC increased its stake in Dun & Bradstreet by 50.3% in 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 acquiring an additional 1,373,476 shares during the last quarter. Contour Asset Management LLC bought a new position in Dun & Bradstreet in the 4th quarter worth about $17,018,000. Azora Capital LP increased its stake in Dun & Bradstreet by 15.6% in the 4th 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. Finally, Bayberry Capital Partners LP bought a new position in Dun & Bradstreet in the 4th quarter worth about $14,740,000. 86.68% of the stock is currently owned by institutional investors.

Insider Activity at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was 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 of the company's stock, valued at $28,266,663.96. This trade represents a 44.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.44% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Raymond James Financial lowered Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a research note on Friday, June 13th. Wall Street Zen began coverage on Dun & Bradstreet in a report on Wednesday, May 21st. They issued a "hold" rating for the company. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.63.

Dun & Bradstreet Trading Up 0.5%

DNB traded up $0.05 on Friday, hitting $9.16. 17,828,715 shares of the company were exchanged, compared to its average volume of 3,879,425. The firm has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $8.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. Dun & Bradstreet Holdings, Inc. has a 12 month low of $7.78 and a 12 month high of $12.94. The stock has a market capitalization of $4.08 billion, a PE ratio of -101.72 and a beta of 1.12.

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.