Inlet Private Wealth LLC Sells 7,900 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Inlet Private Wealth LLC cut its position in Cannae Holdings, Inc. (NYSE:CNNE) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,100 shares of the company’s stock after selling 7,900 shares during the period. Inlet Private Wealth LLC’s holdings in Cannae were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNNE. Jane Street Group LLC raised its position in Cannae by 429.2% in the 1st quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock valued at $8,411,000 after buying an additional 306,716 shares during the last quarter. Poehling Capital Management INC. increased its stake in shares of Cannae by 59.4% during the 1st quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock worth $15,769,000 after purchasing an additional 264,213 shares during the last quarter. Russell Investments Group Ltd. increased its position in Cannae by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 226,852 shares of the company’s stock worth $5,045,000 after buying an additional 34,246 shares during the last quarter. Caxton Associates LP bought a new stake in Cannae in the 1st quarter valued at about $751,000. Finally, Epoch Investment Partners Inc. raised its position in shares of Cannae by 39.5% in the first quarter. Epoch Investment Partners Inc. now owns 473,405 shares of the company’s stock valued at $10,529,000 after purchasing an additional 134,071 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Stock Performance

Shares of NYSE:CNNE traded up $0.26 during trading on Thursday, hitting $19.20. 119,203 shares of the company were exchanged, compared to its average volume of 551,354. Cannae Holdings, Inc. has a 52-week low of $15.93 and a 52-week high of $22.99. The stock has a 50 day moving average of $19.13 and a 200 day moving average of $19.24. 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 company has a market cap of $1.21 billion, a PE ratio of -3.48 and a beta of 0.88.

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

Cannae Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Monday, September 16th. Cannae’s payout ratio is -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.