Short Interest in Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Drops By 6.2%

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 24,350,000 shares, a decline of 6.2% from the November 15th total of 25,950,000 shares. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 9.8 days. Currently, 8.2% of the company’s stock are short sold.

Dun & Bradstreet Stock Performance

Shares of DNB stock traded down $0.04 on Monday, reaching $12.27. The stock had a trading volume of 2,302,694 shares, compared to its average volume of 3,284,181. The company has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $11.14. The stock has a market cap of $5.42 billion, a P/E ratio of -153.31, a price-to-earnings-growth ratio of 3.44 and a beta of 1.16. Dun & Bradstreet has a 1 year low of $8.77 and a 1 year high of $12.94. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 0.70.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, October 31st. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. Equities research analysts expect that Dun & Bradstreet will post 0.88 EPS for the current year.

Dun & Bradstreet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.20 annualized dividend and a yield of 1.63%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -250.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com raised shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Dun & Bradstreet in a report on Friday, November 1st. Finally, Barclays boosted their price target on Dun & Bradstreet from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.83.

Institutional Trading of Dun & Bradstreet

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of Dun & Bradstreet by 129.1% in the second 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 during the period. Canada Pension Plan Investment Board boosted its holdings in Dun & Bradstreet by 85.1% in 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 period. Xponance Inc. purchased a new stake in Dun & Bradstreet in the 2nd quarter worth $100,000. KBC Group NV grew its position in shares of Dun & Bradstreet by 33.9% during the third 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 in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Dun & Bradstreet in the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

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.