Thompson Siegel & Walmsley LLC Has $12.25 Million Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Thompson Siegel & Walmsley LLC reduced its stake in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 642,450 shares of the company's stock after selling 81,542 shares during the quarter. Thompson Siegel & Walmsley LLC owned 1.02% of Cannae worth $12,245,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its stake in Cannae by 1,616.0% in the 2nd quarter. CWM LLC now owns 1,390 shares of the company's stock valued at $25,000 after buying an additional 1,309 shares during the last quarter. EntryPoint Capital LLC increased its stake in Cannae by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company's stock valued at $36,000 after buying an additional 535 shares during the last quarter. Innealta Capital LLC acquired a new stake in Cannae in the 2nd quarter valued at $48,000. Oakview Capital Management L.P. acquired a new stake in Cannae in the 3rd quarter valued at $67,000. Finally, nVerses Capital LLC acquired a new stake in Cannae in the 2nd quarter valued at $71,000. 88.12% of the stock is owned by institutional investors.

Cannae Price Performance

Shares of Cannae stock traded up $0.35 on Friday, reaching $21.12. 246,604 shares of the stock were exchanged, compared to its average volume of 529,462. The firm's 50 day moving average is $19.51 and its 200-day moving average is $19.20. Cannae Holdings, Inc. has a one year low of $16.94 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a market cap of $1.33 billion, a PE ratio of -4.38 and a beta of 0.87.

Cannae (NYSE:CNNE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.22). The company had revenue of $113.90 million during the quarter, compared to the consensus estimate of $105.67 million. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The firm's quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.18) EPS. As a group, analysts anticipate that Cannae Holdings, Inc. will post -2.97 EPS for the current fiscal year.

Cannae Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 17th. Cannae's dividend payout ratio is -9.98%.

Analysts Set New Price Targets

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

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.