Cannae Holdings, Inc. (NYSE:CNNE) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 19.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,600 shares of the company’s stock after acquiring an additional 36,400 shares during the period. Renaissance Technologies LLC’s holdings in Cannae were worth $4,092,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Cannae during the fourth quarter worth $8,324,000. TFO Wealth Partners LLC increased its position in shares of Cannae by 103,775.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock worth $78,000 after acquiring an additional 4,151 shares during the period. Poehling Capital Management INC. increased its position in shares of Cannae by 8.9% during the fourth quarter. Poehling Capital Management INC. now owns 444,806 shares of the company’s stock worth $8,678,000 after acquiring an additional 36,191 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Cannae during the fourth quarter worth $7,081,000. Finally, Clayton Partners LLC increased its position in shares of Cannae by 3.3% during the fourth quarter. Clayton Partners LLC now owns 299,984 shares of the company’s stock worth $5,853,000 after acquiring an additional 9,676 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Stock Performance

NYSE:CNNE opened at $19.21 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of -3.53 and a beta of 0.88. The business’s fifty day moving average price is $19.43 and its 200 day moving average price is $19.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01. Cannae Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $22.99.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, August 8th. The company reported ($2.49) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $112.00 million. During the same quarter last year, the company posted ($1.16) EPS. Cannae’s quarterly revenue was down 22.8% on a year-over-year basis. On average, sell-side analysts anticipate that Cannae Holdings, Inc. will post -3.03 earnings per share for the current fiscal year.

Cannae Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.50%. Cannae’s dividend payout ratio (DPR) 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.