Kestrel Investment Management Corp Acquires Shares of 485,000 Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Kestrel Investment Management Corp bought a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 485,000 shares of the business services provider’s stock, valued at approximately $4,491,000. Dun & Bradstreet comprises about 3.0% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in DNB. Envestnet Asset Management Inc. increased its stake in Dun & Bradstreet by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 430,137 shares of the business services provider’s stock valued at $3,983,000 after purchasing an additional 15,970 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Dun & Bradstreet in the 2nd quarter worth $120,000. Qsemble Capital Management LP acquired a new stake in Dun & Bradstreet during the second quarter valued at approximately $227,000. Savant Capital LLC boosted its stake in shares of Dun & Bradstreet by 134.2% during the 2nd quarter. Savant Capital LLC now owns 68,812 shares of the business services provider’s stock worth $637,000 after acquiring an additional 39,436 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Dun & Bradstreet by 10.3% in the second quarter. Arizona State Retirement System now owns 79,848 shares of the business services provider’s stock worth $739,000 after acquiring an additional 7,466 shares in the last quarter. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Dun & Bradstreet Trading Up 3.1 %

Shares of DNB opened at $11.60 on Monday. The stock has a 50 day simple moving average of $11.21 and a 200-day simple moving average of $10.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.14 billion, a PE ratio of -145.00, a PEG ratio of 2.14 and a beta of 1.16. Dun & Bradstreet Holdings, Inc. has a 1 year low of $8.68 and a 1 year high of $12.75.

Dun & Bradstreet (NYSE:DNB) last issued its earnings results on Thursday, August 1st. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Dun & Bradstreet had a negative net margin of 1.42% and a positive return on equity of 11.35%. The company had revenue of $576.20 million for the quarter, compared to the consensus estimate of $580.77 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, September 5th. Dun & Bradstreet’s payout ratio is currently -250.00%.

Wall Street Analysts Forecast Growth

DNB has been the subject of several research analyst reports. StockNews.com downgraded Dun & Bradstreet from a “hold” rating to a “sell” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Dun & Bradstreet from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Dun & Bradstreet in a research report on Monday, August 5th. Royal Bank of Canada reduced their price objective on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd. Finally, Barclays increased their target price on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.85.

Dun & Bradstreet Profile

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.