Aquatic Capital Management LLC Acquires Shares of 16,343 Cannae Holdings, Inc. (NYSE:CNNE)

Aquatic Capital Management LLC bought a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,343 shares of the company's stock, valued at approximately $325,000.

A number of other institutional investors have also recently bought and sold shares of CNNE. Spire Wealth Management bought a new position in shares of Cannae in the fourth quarter worth about $45,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Cannae during the fourth quarter worth $76,000. R Squared Ltd bought a new position in shares of Cannae in the 4th quarter valued at $78,000. Nomura Asset Management Co. Ltd. grew its position in Cannae by 133.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock worth $85,000 after acquiring an additional 2,436 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Cannae by 457.9% in the fourth quarter. Blue Trust Inc. now owns 4,949 shares of the company's stock valued at $94,000 after purchasing an additional 4,062 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

Cannae Trading Down 0.4 %

Shares of Cannae stock traded down $0.07 during midday trading on Friday, reaching $18.41. The company had a trading volume of 83,438 shares, compared to its average volume of 444,207. The firm has a market cap of $1.16 billion, a PE ratio of -3.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. Cannae Holdings, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $22.36. The stock has a fifty day moving average price of $17.60 and a 200 day moving average price of $19.15.

Cannae Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.61%. Cannae's dividend payout ratio is currently -10.17%.

Cannae declared that its board has initiated a share buyback plan on Tuesday, March 25th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer reduced their price target on Cannae from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Royal Bank of Canada dropped their price target on shares of Cannae from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th.

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.