Driehaus Capital Management LLC purchased a new position in Cannae Holdings, Inc. (NYSE:CNNE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,025,968 shares of the company’s stock, valued at approximately $18,611,000. Driehaus Capital Management LLC owned approximately 1.63% of Cannae at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CNNE. Norges Bank purchased a new stake in shares of Cannae in the fourth quarter worth about $8,324,000. TFO Wealth Partners LLC increased its position in shares of Cannae by 103,775.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock worth $78,000 after purchasing an additional 4,151 shares during the last quarter. Poehling Capital Management INC. increased its position in shares of Cannae by 8.9% in the fourth quarter. Poehling Capital Management INC. now owns 444,806 shares of the company’s stock worth $8,678,000 after purchasing an additional 36,191 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Cannae in the fourth quarter worth approximately $7,081,000. Finally, Clayton Partners LLC increased its position in shares of Cannae by 3.3% in the fourth quarter. Clayton Partners LLC now owns 299,984 shares of the company’s stock worth $5,853,000 after purchasing an additional 9,676 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
Cannae Stock Up 0.2 %
CNNE stock opened at $19.21 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $19.43 and its 200 day moving average is $19.58. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -3.53 and a beta of 0.88. Cannae Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $22.99.
Cannae Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, September 16th. Cannae’s dividend payout ratio (DPR) is presently -8.82%.
About Cannae
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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