SG Americas Securities LLC Sells 13,350 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

SG Americas Securities LLC decreased its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 58.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,454 shares of the company’s stock after selling 13,350 shares during the period. SG Americas Securities LLC’s holdings in Cannae were worth $171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNNE. CWM LLC raised its position in Cannae by 1,616.0% during the second quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after purchasing an additional 1,309 shares during the period. Simplex Trading LLC purchased a new stake in Cannae during the 4th quarter valued at $27,000. Principal Securities Inc. bought a new stake in Cannae in the fourth quarter worth $36,000. EntryPoint Capital LLC boosted its stake in Cannae by 48.9% during the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock worth $36,000 after buying an additional 535 shares during the period. Finally, TFO Wealth Partners LLC increased its position in Cannae by 103,775.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock valued at $78,000 after acquiring an additional 4,151 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Trading Up 1.4 %

Shares of CNNE opened at $19.66 on Friday. The company’s fifty day simple moving average is $18.86 and its 200-day simple moving average is $19.92. The company has a market cap of $1.23 billion, a P/E ratio of -3.61 and a beta of 0.88. The company has a current ratio of 3.32, a quick ratio of 3.06 and a debt-to-equity ratio of 0.03. Cannae Holdings, Inc. has a twelve month low of $15.93 and a twelve month high of $22.99.

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). Cannae had a negative return on equity of 16.50% and a negative net margin of 74.62%. The firm had revenue of $118.00 million during the quarter, compared to analysts’ expectations of $112.00 million. During the same period last year, the company earned ($1.16) earnings per share. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. As a group, analysts expect that Cannae Holdings, Inc. will post -1.8 EPS for the current year.

Cannae Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 2.44%. Cannae’s payout ratio is -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.