Rhumbline Advisers Decreases Position in Dun & Bradstreet Holdings, Inc. $DNB

Rhumbline Advisers lowered its stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,198 shares of the business services provider’s stock after selling 9,971 shares during the period. Rhumbline Advisers owned 0.06% of Dun & Bradstreet worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Strs Ohio bought a new position in Dun & Bradstreet in the 1st quarter worth approximately $1,769,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Dun & Bradstreet by 2.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 820,612 shares of the business services provider’s stock valued at $7,336,000 after purchasing an additional 20,076 shares during the period. Woodline Partners LP bought a new position in Dun & Bradstreet in the 1st quarter valued at $24,291,000. Aristeia Capital L.L.C. bought a new position in Dun & Bradstreet in the 1st quarter valued at $263,000. Finally, PenderFund Capital Management Ltd. bought a new position in Dun & Bradstreet in the 1st quarter valued at $296,000. 86.68% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman William P. Foley II sold 2,500,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman owned 3,109,644 shares in the company, valued at $28,266,663.96. The trade was a 44.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.44% of the stock is owned by corporate insiders.

Dun & Bradstreet Price Performance

DNB stock opened at $9.16 on Wednesday. The firm’s 50-day moving average price is $9.12 and its two-hundred day moving average price is $8.96. 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 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.

Wall Street Analysts Forecast Growth

DNB has been the subject of several analyst reports. Wall Street Zen initiated coverage on shares of Dun & Bradstreet in a report on Wednesday, May 21st. They issued a “hold” rating for the company. Raymond James Financial cut shares of Dun & Bradstreet from a “strong-buy” rating to a “market perform” rating in a research report on Friday, June 13th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.54.

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.