Crescent Grove Advisors LLC Increases Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Crescent Grove Advisors LLC boosted its position in Cannae Holdings, Inc. (NYSE:CNNE) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,220 shares of the company’s stock after purchasing an additional 3,957 shares during the period. Crescent Grove Advisors LLC owned about 0.52% of Cannae worth $6,439,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Oakview Capital Management L.P. purchased a new position in Cannae during the third quarter worth $67,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Cannae during the third quarter valued at $113,000. Park Avenue Securities LLC increased its position in Cannae by 19.6% during the 4th quarter. Park Avenue Securities LLC now owns 12,312 shares of the company’s stock worth $245,000 after purchasing an additional 2,014 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Cannae by 10.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,384 shares of the company’s stock valued at $236,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Cannae in the 3rd quarter valued at about $244,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cannae Price Performance

Shares of CNNE stock opened at $19.22 on Friday. Cannae Holdings, Inc. has a 1-year low of $16.94 and a 1-year high of $22.99. The firm’s 50-day simple moving average is $20.13 and its 200-day simple moving average is $19.66. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.22). The company had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. Cannae’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the business earned ($2.18) EPS. As a group, research analysts anticipate that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.12 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.50%. Cannae’s payout ratio is -9.98%.

Analyst Upgrades and Downgrades

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

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.