State of New Jersey Common Pension Fund D Sells 24,415 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

State of New Jersey Common Pension Fund D lowered its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,687 shares of the company’s stock after selling 24,415 shares during the period. State of New Jersey Common Pension Fund D owned 0.16% of Cannae worth $1,845,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNNE. Norges Bank purchased a new stake in shares of Cannae during the 4th quarter worth approximately $8,324,000. Rubric Capital Management LP purchased a new stake in shares of Cannae during the 4th quarter worth approximately $7,081,000. Jane Street Group LLC increased its stake in shares of Cannae by 429.2% during the 1st quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock worth $8,411,000 after purchasing an additional 306,716 shares during the last quarter. Poehling Capital Management INC. increased its stake in shares of Cannae by 59.4% during the 1st quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock worth $15,769,000 after purchasing an additional 264,213 shares during the last quarter. Finally, EJF Capital LLC purchased a new stake in shares of Cannae during the 1st quarter worth approximately $3,214,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Stock Down 1.3 %

Cannae stock opened at $19.05 on Tuesday. Cannae Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $22.99. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.50 and a beta of 0.88. 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 firm has a 50 day simple moving average of $19.43 and a 200 day simple moving average of $19.63.

Cannae (NYSE:CNNE) last released its quarterly earnings data on Thursday, August 8th. The company reported ($2.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The business had revenue of $118.00 million during the quarter, compared to analysts’ expectations of $112.00 million. During the same quarter in the prior year, the firm posted ($1.16) earnings per share. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. On average, analysts predict that Cannae Holdings, Inc. will post -3.03 earnings per share for the current 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 paid 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 2.52%. Cannae’s dividend payout ratio is -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.