Oak Thistle LLC Makes New Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Oak Thistle LLC purchased a new position in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,544 shares of the business services provider’s stock, valued at approximately $126,000.

Several other institutional investors also recently modified their holdings of DNB. Envestnet Portfolio Solutions Inc. bought a new position in shares of Dun & Bradstreet in the 3rd quarter worth about $111,000. Hsbc Holdings PLC bought a new position in shares of Dun & Bradstreet in the 3rd quarter worth about $727,000. Teza Capital Management LLC bought a new position in shares of Dun & Bradstreet in the 3rd quarter worth about $452,000. AQR Capital Management LLC increased its stake in shares of Dun & Bradstreet by 143.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,767,169 shares of the business services provider’s stock worth $17,654,000 after acquiring an additional 1,040,733 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Dun & Bradstreet in the 3rd quarter worth about $238,000. 86.68% of the stock is currently owned by institutional investors.

Dun & Bradstreet Stock Performance

Shares of NYSE DNB opened at $9.14 on Tuesday. The firm’s 50-day moving average price is $9.65 and its 200-day moving average price is $10.37. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.04. Dun & Bradstreet Holdings, Inc. has a 52-week low of $8.68 and a 52-week high of $12.62.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $564.50 million for the quarter, compared to the consensus estimate of $567.77 million. Dun & Bradstreet had a negative net margin of 1.56% and a positive return on equity of 10.99%. As a group, equities analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, June 6th. Dun & Bradstreet’s payout ratio is -250.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Dun & Bradstreet in a research report on Tuesday, May 14th. Jefferies Financial Group cut their price objective on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dun & Bradstreet presently has an average rating of “Moderate Buy” and a consensus price target of $13.64.

About Dun & Bradstreet

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.