XTX Topco Ltd Acquires New Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

XTX Topco Ltd bought a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,592 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds also recently bought and sold shares of the company. CWM LLC grew its stake in shares of Cannae by 1,616.0% in the second quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after buying an additional 1,309 shares in the last quarter. EntryPoint Capital LLC grew its position in Cannae by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock valued at $36,000 after acquiring an additional 535 shares in the last quarter. Innealta Capital LLC purchased a new stake in Cannae during the second quarter worth about $48,000. nVerses Capital LLC acquired a new stake in shares of Cannae during the second quarter worth about $71,000. Finally, TFO Wealth Partners LLC boosted its stake 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 valued at $78,000 after purchasing an additional 4,151 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Price Performance

Shares of CNNE opened at $19.08 on Wednesday. The company has a market cap of $1.20 billion, a P/E ratio of -3.51 and a beta of 0.88. Cannae Holdings, Inc. has a fifty-two week low of $15.93 and a fifty-two week high of $22.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $19.42 and its 200 day moving average price is $19.61.

Cannae (NYSE:CNNE) last posted 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). The company had revenue of $118.00 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company posted ($1.16) EPS. On average, research analysts forecast that Cannae Holdings, Inc. will post -3.03 earnings per share for the current fiscal year.

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 $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Monday, September 16th. Cannae’s payout ratio is presently -8.82%.

Cannae Company 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.