Rhumbline Advisers Has $1.88 Million Position in Cannae Holdings, Inc. (NYSE:CNNE)

Rhumbline Advisers reduced its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,666 shares of the company’s stock after selling 10,352 shares during the period. Rhumbline Advisers owned 0.17% of Cannae worth $1,880,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of Cannae in the second quarter valued at about $71,000. Innealta Capital LLC acquired a new stake in Cannae during the second quarter worth about $48,000. Crescent Grove Advisors LLC grew its stake in Cannae by 0.4% during the second quarter. Crescent Grove Advisors LLC now owns 318,884 shares of the company’s stock worth $5,785,000 after buying an additional 1,125 shares in the last quarter. Shayne & Jacobs LLC grew its stake in Cannae by 5.6% during the second quarter. Shayne & Jacobs LLC now owns 86,496 shares of the company’s stock worth $1,569,000 after buying an additional 4,590 shares in the last quarter. Finally, CWM LLC grew its stake in Cannae by 1,616.0% during the second quarter. CWM LLC now owns 1,390 shares of the company’s stock worth $25,000 after buying an additional 1,309 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cannae Trading Down 0.2 %

Shares of Cannae stock opened at $19.31 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.55 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 Holdings, Inc. has a 12-month low of $15.93 and a 12-month high of $22.99. The firm’s 50-day moving average price is $19.43 and its two-hundred day moving average price is $19.68.

Cannae (NYSE:CNNE) last posted its earnings results on Thursday, August 8th. The company reported ($2.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). The company had revenue of $118.00 million during the quarter, compared to the consensus estimate of $112.00 million. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. The firm’s revenue was down 22.8% compared to the same quarter last year. During the same period last year, the company posted ($1.16) EPS. On average, analysts forecast that Cannae Holdings, Inc. will post -3.03 earnings per share for the current fiscal year.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.12 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.49%. Cannae’s dividend payout ratio (DPR) is presently -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.