Inlet Private Wealth LLC Has $231,000 Position in Cannae Holdings, Inc. (NYSE:CNNE)

Inlet Private Wealth LLC reduced its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 39.5% in the 3rd quarter, according to its most recent Form 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 quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC raised its holdings in Cannae by 429.2% during the first quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock worth $8,411,000 after acquiring an additional 306,716 shares in the last quarter. Poehling Capital Management INC. raised its holdings in Cannae by 59.4% during the first quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock worth $15,769,000 after acquiring an additional 264,213 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Cannae by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 226,852 shares of the company’s stock worth $5,045,000 after acquiring an additional 34,246 shares in the last quarter. Caxton Associates LP bought a new stake in Cannae in the first quarter valued at approximately $751,000. Finally, Epoch Investment Partners Inc. raised its stake in 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 buying an additional 134,071 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Cannae Stock Performance

NYSE:CNNE traded up $0.26 on Thursday, hitting $19.20. The company’s stock had a trading volume of 119,203 shares, compared to its average volume of 551,354. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $19.13 and a two-hundred day moving average of $19.24. The firm has a market capitalization of $1.21 billion, a P/E ratio of -3.48 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.

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

Cannae Dividend Announcement

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