Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Sees Large Growth in Short Interest

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 27,970,000 shares, an increase of 7.4% from the October 15th total of 26,050,000 shares. Currently, 9.7% of the shares of the stock are short sold. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 10.5 days.

Dun & Bradstreet Trading Down 0.7 %

Dun & Bradstreet stock traded down $0.09 during trading hours on Tuesday, hitting $11.99. The company had a trading volume of 275,697 shares, compared to its average volume of 3,401,511. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $5.29 billion, a P/E ratio of -150.13, a P/E/G ratio of 3.37 and a beta of 1.15. The company has a 50-day moving average price of $11.55 and a two-hundred day moving average price of $10.82. Dun & Bradstreet has a 1 year low of $8.77 and a 1 year high of $12.75.

Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $609.10 million during the quarter, compared to analyst estimates of $605.64 million. Dun & Bradstreet had a negative net margin of 1.46% and a positive return on equity of 11.50%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that Dun & Bradstreet will post 0.88 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, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.05 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.67%. Dun & Bradstreet’s dividend payout ratio is presently -250.00%.

Institutional Trading of Dun & Bradstreet

Several hedge funds have recently modified their holdings of the company. Evermay Wealth Management LLC purchased a new stake in Dun & Bradstreet during the first quarter valued at approximately $37,000. Blue Trust Inc. boosted 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 worth $46,000 after purchasing an additional 2,563 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Dun & Bradstreet by 85.1% during the 2nd 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 during the last quarter. Xponance Inc. acquired a new position in Dun & Bradstreet during the 2nd quarter valued at about $100,000. Finally, Innealta Capital LLC acquired a new stake in Dun & Bradstreet in the first quarter worth about $113,000. 86.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on shares of Dun & Bradstreet from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Barclays raised their price objective on Dun & Bradstreet from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a research report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on shares of 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. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.83.

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.