GSA Capital Partners LLP Buys New Shares in Cannae Holdings, Inc. $CNNE

GSA Capital Partners LLP purchased a new stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) during the second quarter, Holdings Channel reports. The fund purchased 38,094 shares of the company’s stock, valued at approximately $549,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Cannae by 147.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $29,000 after acquiring an additional 1,195 shares in the last quarter. Essential Partners LLC boosted its position in shares of Cannae by 2,913.0% during the 1st quarter. Essential Partners LLC now owns 2,772 shares of the company’s stock valued at $32,000 after purchasing an additional 2,680 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of Cannae during the 1st quarter valued at about $50,000. Quantbot Technologies LP acquired a new stake in Cannae during the second quarter worth approximately $62,000. Finally, Kelleher Financial Advisors bought a new stake in Cannae in the third quarter worth approximately $73,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CNNE shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a report on Monday, July 6th. Stephens reiterated an “overweight” rating and issued a $17.00 price objective on shares of Cannae in a research note on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 target price on shares of Cannae in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Cannae from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cannae currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Cannae Trading Down 0.7%

Shares of Cannae stock opened at $15.01 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.24. Cannae Holdings, Inc. has a 52 week low of $10.46 and a 52 week high of $19.88. The stock has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $13.55. The stock has a market capitalization of $651.04 million, a PE ratio of -4.97 and a beta of 1.20.

Cannae (NYSE:CNNE) last released its quarterly earnings data on Monday, August 10th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of ($0.42) by $1.28. Cannae had a negative return on equity of 14.10% and a negative net margin of 38.18%.The firm had revenue of $102.20 million during the quarter, compared to the consensus estimate of $99.65 million.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, September 16th. Cannae’s payout ratio is -19.87%.

Cannae Company Profile

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.