Cannae Holdings, Inc. (NYSE:CNNE - Get Free Report)'s stock price reached a new 52-week low on Monday after Oppenheimer lowered their price target on the stock from $27.00 to $22.00. Oppenheimer currently has an outperform rating on the stock. Cannae traded as low as $16.94 and last traded at $16.88, with a volume of 885566 shares trading hands. The stock had previously closed at $17.79.
Separately, Royal Bank of Canada decreased their price target on Cannae from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th.
Check Out Our Latest Stock Analysis on CNNE
Hedge Funds Weigh In On Cannae
A number of hedge funds have recently made changes to their positions in the stock. Spire Wealth Management purchased a new position in shares of Cannae during the fourth quarter worth $45,000. Oakview Capital Management L.P. acquired a new position in Cannae during the 3rd quarter worth about $67,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cannae during the 4th quarter valued at about $76,000. R Squared Ltd acquired a new position in Cannae in the 4th quarter valued at about $78,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Cannae by 133.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock worth $85,000 after purchasing an additional 2,436 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.
Cannae Price Performance
The company's 50-day moving average price is $19.10 and its 200-day moving average price is $19.58. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -3.41 and a beta of 0.86.
Cannae Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, March 17th. Cannae's payout ratio is currently -10.17%.
Cannae Company Profile
(
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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.
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