Magnetar Financial LLC Invests $809,000 in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Magnetar Financial LLC acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,584 shares of the business services provider’s stock, valued at approximately $809,000.

Several other large investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its position in Dun & Bradstreet by 19.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 42,420,747 shares of the business services provider’s stock valued at $496,323,000 after purchasing an additional 6,893,645 shares in the last quarter. Vanguard Group Inc. grew its position in Dun & Bradstreet by 3.3% in the first quarter. Vanguard Group Inc. now owns 27,428,272 shares of the business services provider’s stock valued at $275,380,000 after purchasing an additional 868,621 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Dun & Bradstreet by 17.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,649,756 shares of the business services provider’s stock valued at $167,164,000 after purchasing an additional 2,441,655 shares in the last quarter. Capital International Investors grew its position in Dun & Bradstreet by 11.2% in the first quarter. Capital International Investors now owns 13,899,046 shares of the business services provider’s stock valued at $139,546,000 after purchasing an additional 1,402,537 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Dun & Bradstreet by 34.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,737,345 shares of the business services provider’s stock valued at $113,929,000 after purchasing an additional 2,510,422 shares in the last quarter. Institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Performance

Dun & Bradstreet stock traded down $0.04 during midday trading on Monday, hitting $10.77. The company’s stock had a trading volume of 109,636 shares, compared to its average volume of 3,541,198. Dun & Bradstreet Holdings, Inc. has a 1-year low of $8.68 and a 1-year high of $12.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.62 and a quick ratio of 0.62. The company has a 50-day moving average price of $9.61 and a two-hundred day moving average price of $10.12.

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

Dun & Bradstreet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, September 5th. Dun & Bradstreet’s dividend payout ratio is currently -250.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DNB shares. Jefferies Financial Group cut their price target on shares of Dun & Bradstreet from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Dun & Bradstreet in a research note on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.64.

Dun & Bradstreet Company 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.