Park Avenue Securities LLC Has $196,000 Position in Cannae Holdings, Inc. (NYSE:CNNE)

Park Avenue Securities LLC cut its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,298 shares of the company’s stock after selling 1,075 shares during the quarter. Park Avenue Securities LLC’s holdings in Cannae were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Driehaus Capital Management LLC bought a new stake in shares of Cannae in the 2nd quarter valued at approximately $18,611,000. AREX Capital Management LP raised its holdings in Cannae by 52.2% during the second quarter. AREX Capital Management LP now owns 1,260,539 shares of the company’s stock valued at $22,866,000 after buying an additional 432,260 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Cannae by 429.2% in the first quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock worth $8,411,000 after buying an additional 306,716 shares during the last quarter. Poehling Capital Management INC. boosted 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 acquiring an additional 264,213 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Cannae by 45.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 723,992 shares of the company’s stock valued at $13,133,000 after acquiring an additional 225,161 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cannae Stock Down 0.4 %

Shares of CNNE stock opened at $18.61 on Tuesday. The stock’s 50 day simple moving average is $19.16 and its 200 day simple moving average is $19.27. Cannae Holdings, Inc. has a twelve month low of $15.93 and a twelve month high of $22.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.42 and a beta of 0.88.

Cannae (NYSE:CNNE) last issued 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 firm had revenue of $118.00 million during the quarter, compared to analyst estimates of $112.00 million. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. Cannae’s quarterly revenue was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.16) earnings per share. As a group, research analysts predict that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.12 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.48 annualized dividend and a yield of 2.58%. Cannae’s dividend payout ratio (DPR) is -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.