Nexpoint Asset Management L.P. Purchases 40,793 Shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Nexpoint Asset Management L.P. raised its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 190.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,196 shares of the business services provider's stock after buying an additional 40,793 shares during the period. Nexpoint Asset Management L.P.'s holdings in Dun & Bradstreet were worth $775,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Amundi lifted its holdings in Dun & Bradstreet by 27.9% during the 4th quarter. Amundi now owns 5,158 shares of the business services provider's stock valued at $64,000 after purchasing an additional 1,126 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Dun & Bradstreet during the 4th quarter worth about $127,000. New World Advisors LLC bought a new stake in shares of Dun & Bradstreet during the 4th quarter worth about $143,000. KBC Group NV grew its stake in Dun & Bradstreet by 30.2% in the 4th quarter. KBC Group NV now owns 12,861 shares of the business services provider's stock valued at $160,000 after buying an additional 2,983 shares during the last quarter. Finally, Xponance Inc. raised its holdings in Dun & Bradstreet by 16.5% in the 4th quarter. Xponance Inc. now owns 13,252 shares of the business services provider's stock valued at $165,000 after acquiring an additional 1,881 shares during the period. 86.68% of the stock is owned by institutional investors and hedge funds.

Dun & Bradstreet Price Performance

NYSE DNB traded up $0.01 on Tuesday, hitting $8.97. 4,954,584 shares of the company's stock were exchanged, compared to its average volume of 5,808,750. Dun & Bradstreet Holdings, Inc. has a 52 week low of $7.78 and a 52 week high of $12.95. The stock has a 50-day moving average of $8.74 and a 200-day moving average of $10.69. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.06. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -149.39, a P/E/G ratio of 2.21 and a beta of 1.14.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $579.80 million for the quarter, compared to analyst estimates of $578.02 million. Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. Dun & Bradstreet's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. Analysts expect that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.23%. Dun & Bradstreet's dividend payout ratio (DPR) is presently -400.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DNB shares. StockNews.com assumed coverage on Dun & Bradstreet in a report on Monday. They set a "hold" rating for the company. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research note on Friday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $12.00 price target on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. The Goldman Sachs Group cut their price objective on shares of Dun & Bradstreet from $12.80 to $11.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $9.15 target price (down from $11.00) on shares of Dun & Bradstreet in a report on Tuesday, March 25th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Dun & Bradstreet presently has an average rating of "Hold" and an average price target of $11.86.

Insider Activity

In other news, Chairman William P. Foley II sold 2,500,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $8.99, for a total transaction of $22,475,000.00. Following the completion of the transaction, the chairman now owns 8,109,644 shares of the company's stock, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.44% of the stock is 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.