Gamco Investors INC. ET AL Purchases 900 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Gamco Investors INC. ET AL raised its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 1.5% during the first quarter, HoldingsChannel reports. The fund owned 61,725 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Cannae were worth $1,373,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Simplex Trading LLC bought a new position in Cannae during the fourth quarter valued at $27,000. EntryPoint Capital LLC increased its position in Cannae by 48.9% during the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock valued at $36,000 after acquiring an additional 535 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Cannae in the fourth quarter worth about $36,000. Financial Management Professionals Inc. bought a new position in shares of Cannae in the first quarter worth about $79,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Cannae by 103,775.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock worth $78,000 after purchasing an additional 4,151 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Insider Transactions at Cannae

In related news, Director Richard N. Massey sold 25,752 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $19.38, for a total value of $499,073.76. Following the completion of the sale, the director now directly owns 248,615 shares of the company’s stock, valued at $4,818,158.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.90% of the company’s stock.

Cannae Trading Up 1.8 %

Shares of NYSE CNNE traded up $0.35 during mid-day trading on Friday, reaching $20.15. The company had a trading volume of 293,087 shares, compared to its average volume of 491,207. The business’s 50-day moving average is $18.45 and its 200-day moving average is $20.05. The company has a current ratio of 3.32, a quick ratio of 3.06 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -3.70 and a beta of 0.88. Cannae Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $22.99.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.94). The company had revenue of $110.70 million during the quarter, compared to the consensus estimate of $126.23 million. Cannae had a negative return on equity of 16.50% and a negative net margin of 74.62%. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Equities analysts expect that Cannae Holdings, Inc. will post -1.8 earnings per share for the current year.

Cannae Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 14th. 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.