Cannae Holdings, Inc. (NYSE:CNNE – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,400,000 shares, a decrease of 15.2% from the August 15th total of 1,650,000 shares. Approximately 2.5% of the shares of the stock are sold short. Based on an average trading volume of 404,900 shares, the days-to-cover ratio is presently 3.5 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CNNE. Charles Schwab Investment Management Inc. increased its position in Cannae by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 805,332 shares of the company’s stock valued at $15,712,000 after purchasing an additional 15,295 shares during the period. Principal Securities Inc. acquired a new stake in Cannae during the 4th quarter valued at approximately $36,000. Jump Financial LLC acquired a new stake in Cannae during the 4th quarter valued at approximately $611,000. Norges Bank acquired a new stake in Cannae during the 4th quarter valued at approximately $8,324,000. Finally, Quest Partners LLC acquired a new stake in Cannae during the 4th quarter valued at approximately $772,000. Institutional investors own 88.12% of the company’s stock.
Cannae Price Performance
Shares of CNNE stock traded down $0.16 on Wednesday, reaching $19.11. The company had a trading volume of 308,333 shares, compared to its average volume of 559,905. The stock has a market capitalization of $1.20 billion, a PE ratio of -3.51 and a beta of 0.88. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. Cannae has a one year low of $15.93 and a one year high of $22.99. The business’s 50-day moving average is $19.41 and its 200 day moving average is $19.70.
Cannae Announces Dividend
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 issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.51%. Cannae’s dividend payout ratio (DPR) 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.
Read More
- Five stocks we like better than Cannae
- Want to Profit on the Downtrend? Downtrends, Explained.
- How Much Can You Make in Stocks in One Month?
- Trading Halts Explained
- This Is the Top Large-Cap Stock Insiders Are Buying
- Dividend Payout Ratio Calculator
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for Cannae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannae and related companies with MarketBeat.com's FREE daily email newsletter.