Nicola Wealth Management LTD. Makes New $1.99 Million Investment in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Nicola Wealth Management LTD. acquired a new position in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 160,000 shares of the business services provider’s stock, valued at approximately $1,994,000.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of Dun & Bradstreet by 33.9% during the 3rd quarter. KBC Group NV now owns 9,878 shares of the business services provider’s stock worth $114,000 after purchasing an additional 2,499 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Dun & Bradstreet during the 3rd quarter worth $117,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Dun & Bradstreet during the 3rd quarter worth $120,000. Empowered Funds LLC purchased a new stake in shares of Dun & Bradstreet during the 4th quarter worth $127,000. Finally, New World Advisors LLC purchased a new stake in shares of Dun & Bradstreet during the 4th quarter worth $143,000. 86.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DNB shares. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research note on Wednesday, January 29th. Needham & Company LLC reduced their target price on Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, The Goldman Sachs Group reduced their target price on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Dun & Bradstreet Trading Down 0.7 %

Shares of NYSE:DNB opened at $9.01 on Tuesday. The business’s 50-day moving average is $11.25 and its 200 day moving average is $11.64. Dun & Bradstreet Holdings, Inc. has a 1 year low of $8.77 and a 1 year high of $12.94. The firm has a market capitalization of $3.98 billion, a P/E ratio of -150.14, a P/E/G ratio of 2.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Dun & Bradstreet had a positive return on equity of 11.29% and a negative net margin of 1.20%. The firm had revenue of $631.90 million during the quarter, compared to analysts’ expectations of $658.04 million. On average, research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, March 6th. Dun & Bradstreet’s payout ratio is -333.33%.

Dun & Bradstreet Company 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.