Kennedy Capital Management LLC Purchases 102,431 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Kennedy Capital Management LLC increased its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 179.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 159,427 shares of the company’s stock after purchasing an additional 102,431 shares during the quarter. Kennedy Capital Management LLC’s holdings in Cannae were worth $3,546,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Cannae by 3.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,071 shares of the company’s stock worth $313,000 after buying an additional 498 shares during the last quarter. ProShare Advisors LLC raised its position in Cannae by 4.6% in the first quarter. ProShare Advisors LLC now owns 11,894 shares of the company’s stock worth $265,000 after acquiring an additional 523 shares during the period. EntryPoint Capital LLC boosted its stake 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 acquiring an additional 535 shares during the last quarter. Shayne & Jacobs LLC grew its position in shares of Cannae by 0.9% during the 4th quarter. Shayne & Jacobs LLC now owns 82,706 shares of the company’s stock valued at $1,614,000 after acquiring an additional 710 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Cannae by 1.7% during the 1st quarter. Sei Investments Co. now owns 44,237 shares of the company’s stock worth $984,000 after purchasing an additional 756 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Cannae Stock Performance

Shares of NYSE:CNNE traded up $0.24 during mid-day trading on Tuesday, reaching $20.21. The company had a trading volume of 257,129 shares, compared to its average volume of 621,539. Cannae Holdings, Inc. has a one year low of $15.93 and a one year high of $22.99. The company has a current ratio of 3.32, a quick ratio of 3.06 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $18.44 and its 200-day moving average price is $20.04. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -3.67 and a beta of 0.88.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.94). Cannae had a negative net margin of 74.62% and a negative return on equity of 16.50%. The business had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $126.23 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Cannae Holdings, Inc. will post -1.8 EPS for the current fiscal year.

Cannae Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, June 14th. Cannae’s dividend payout ratio (DPR) is currently -8.82%.

Insider Buying and Selling at Cannae

In other Cannae news, Director Richard N. Massey sold 25,752 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $19.38, for a total value of $499,073.76. Following the completion of the sale, the director now owns 248,615 shares in the company, valued at $4,818,158.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.90% of the company’s stock.

About Cannae

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.