Arizona State Retirement System reduced its stake in Cannae Holdings, Inc. (NYSE:CNNE – Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,816 shares of the company’s stock after selling 2,646 shares during the quarter. Arizona State Retirement System’s holdings in Cannae were worth $287,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in CNNE. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cannae by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 805,332 shares of the company’s stock worth $15,712,000 after acquiring an additional 15,295 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Cannae in the 4th quarter worth approximately $36,000. Jump Financial LLC acquired a new position in shares of Cannae in the 4th quarter worth approximately $611,000. Norges Bank purchased a new stake in Cannae during the 4th quarter worth approximately $8,324,000. Finally, Quest Partners LLC purchased a new stake in Cannae during the 4th quarter worth approximately $772,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.
Cannae Price Performance
Shares of CNNE opened at $19.27 on Wednesday. Cannae Holdings, Inc. has a fifty-two week low of $15.93 and a fifty-two week high of $22.99. The firm’s 50 day moving average price is $19.40 and its 200 day moving average price is $19.70. The company has a market cap of $1.21 billion, a P/E ratio of -3.54 and a beta of 0.88. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04.
Cannae Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Monday, September 16th. Cannae’s dividend payout ratio (DPR) is -8.82%.
Cannae Profile
Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.
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