Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,684 shares of the company's stock after selling 51,322 shares during the period. Wedge Capital Management L L P NC owned approximately 0.36% of Cannae worth $4,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC boosted its holdings in shares of 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 acquiring an additional 1,309 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Cannae by 48.9% in the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company's stock valued at $36,000 after purchasing an additional 535 shares during the last quarter. Innealta Capital LLC acquired a new stake in Cannae during the 2nd quarter worth about $48,000. Financial Management Professionals Inc. purchased a new position in shares of Cannae during the 1st quarter valued at about $79,000. Finally, nVerses Capital LLC acquired a new position in shares of Cannae in the 2nd quarter valued at about $71,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Cannae Stock Performance

Shares of CNNE traded up $0.49 during mid-day trading on Wednesday, reaching $18.94. The company had a trading volume of 882,279 shares, compared to its average volume of 553,546. The stock has a market capitalization of $1.19 billion, a P/E ratio of -3.39 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. The stock has a 50 day moving average of $19.14 and a two-hundred day moving average of $19.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04.

Cannae (NYSE:CNNE - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($2.49) EPS for the quarter, missing the consensus estimate of ($0.17) by ($2.32). Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. The company had revenue of $118.00 million during the quarter, compared to analysts' expectations of $112.00 million. During the same quarter in the prior year, the company posted ($1.16) EPS. The company's revenue for the quarter was down 22.8% on a year-over-year basis. On average, analysts expect that Cannae Holdings, Inc. will post -3.03 earnings per share for the current year.

Cannae Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.53%. Cannae's dividend payout ratio (DPR) is currently -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.