Exchange Traded Concepts LLC Invests $2.44 Million in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Exchange Traded Concepts LLC bought a new stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 211,679 shares of the business services provider’s stock, valued at approximately $2,436,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC purchased a new stake in shares of Dun & Bradstreet during the first quarter worth about $37,000. Blue Trust Inc. raised its position in shares of Dun & Bradstreet by 129.1% in the 2nd quarter. Blue Trust Inc. now owns 4,549 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 2,563 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Dun & Bradstreet during the 1st quarter valued at approximately $70,000. Canada Pension Plan Investment Board grew its position in shares of Dun & Bradstreet by 85.1% during the second quarter. Canada Pension Plan Investment Board now owns 8,700 shares of the business services provider’s stock worth $81,000 after buying an additional 4,000 shares in the last quarter. Finally, Xponance Inc. acquired a new position in Dun & Bradstreet during the 2nd quarter worth $100,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Dun & Bradstreet from $10.40 to $11.80 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Barclays increased their price objective on shares of Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Royal Bank of Canada decreased their target price on Dun & Bradstreet from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Dun & Bradstreet in a research report on Monday, August 5th. Finally, StockNews.com upgraded Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Dun & Bradstreet presently has a consensus rating of “Moderate Buy” and an average target price of $13.85.

Dun & Bradstreet Price Performance

Shares of NYSE:DNB opened at $11.36 on Tuesday. 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 firm has a market cap of $5.03 billion, a price-to-earnings ratio of -141.94, a P/E/G ratio of 2.66 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. The business has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $10.43.

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

Dun & Bradstreet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, September 5th. Dun & Bradstreet’s payout ratio is -250.00%.

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.