Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 11.3% in the third quarter, Holdings Channel reports. The firm owned 642,450 shares of the company’s stock after selling 81,542 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Cannae were worth $12,245,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. CWM LLC raised its position in shares of Cannae by 1,616.0% in the 2nd quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after purchasing an additional 1,309 shares in the last quarter. EntryPoint Capital LLC increased its holdings in Cannae by 48.9% in the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock valued at $36,000 after buying an additional 535 shares during the last quarter. Innealta Capital LLC bought a new position in Cannae during the 2nd quarter worth approximately $48,000. Oakview Capital Management L.P. acquired a new position in shares of Cannae in the 3rd quarter worth approximately $67,000. Finally, nVerses Capital LLC acquired a new position in shares of Cannae in the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Trading Up 1.1 %

Shares of CNNE stock opened at $20.77 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of -4.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. The stock has a fifty day moving average of $19.47 and a two-hundred day moving average of $19.19. Cannae Holdings, Inc. has a 1 year low of $16.94 and a 1 year high of $22.99.

Cannae (NYSE:CNNE) last released its earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The business had revenue of $113.90 million for the quarter, compared to the consensus estimate of $105.67 million. During the same period in the previous year, the firm earned ($2.18) EPS. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, research analysts expect that Cannae Holdings, Inc. will post -2.97 EPS for the current year.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, December 17th. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th.

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.