Rhumbline Advisers Has $1.88 Million Stake in Cannae Holdings, Inc. (NYSE:CNNE)

Rhumbline Advisers decreased its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 9.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 103,666 shares of the company’s stock after selling 10,352 shares during the period. Rhumbline Advisers’ holdings in Cannae were worth $1,880,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNNE. CWM LLC lifted its stake in Cannae by 1,616.0% during the 2nd quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after acquiring an additional 1,309 shares in the last quarter. EntryPoint Capital LLC lifted its stake in Cannae by 48.9% during 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. Principal Securities Inc. bought a new position in Cannae during the 4th quarter valued at $36,000. Innealta Capital LLC bought a new position in Cannae during the 2nd quarter valued at $48,000. Finally, Financial Management Professionals Inc. bought a new position in Cannae during the 1st quarter valued at $79,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Trading Down 0.2 %

NYSE CNNE opened at $19.31 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.55 and a beta of 0.88. Cannae Holdings, Inc. has a one year low of $15.93 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average is $19.43 and its 200-day moving average is $19.68.

Cannae (NYSE:CNNE) last released its earnings results on Thursday, August 8th. The company reported ($2.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. The business had revenue of $118.00 million for the quarter, compared to the consensus estimate of $112.00 million. During the same quarter in the previous year, the firm earned ($1.16) earnings per share. The company’s revenue for the quarter was down 22.8% on a year-over-year basis. Equities research analysts predict that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend 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.