Aigen Investment Management LP acquired a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,286 shares of the company's stock, valued at approximately $299,000.
Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of Cannae by 70.2% in the fourth quarter. LPL Financial LLC now owns 24,565 shares of the company's stock worth $488,000 after acquiring an additional 10,133 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Cannae by 13.1% in the 4th quarter. Wells Fargo & Company MN now owns 44,533 shares of the company's stock valued at $884,000 after purchasing an additional 5,172 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Cannae by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 237,036 shares of the company's stock valued at $4,708,000 after purchasing an additional 3,828 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cannae in the 4th quarter valued at approximately $5,866,000. Finally, Barclays PLC grew its position in shares of Cannae by 10.6% in the 4th quarter. Barclays PLC now owns 105,522 shares of the company's stock valued at $2,096,000 after purchasing an additional 10,144 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.
Cannae Stock Down 0.4%
Shares of CNNE traded down $0.07 on Friday, hitting $17.82. The company's stock had a trading volume of 703,944 shares, compared to its average volume of 757,113. The company has a quick ratio of 4.19, a current ratio of 2.78 and a debt-to-equity ratio of 0.05. The firm's fifty day moving average price is $20.56 and its 200-day moving average price is $19.07. Cannae Holdings, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $22.36. The firm has a market capitalization of $998.10 million, a price-to-earnings ratio of -2.66 and a beta of 1.06.
Cannae Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.15 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. This is a boost from Cannae's previous quarterly dividend of $0.12. Cannae's payout ratio is presently -7.16%.
Analyst Ratings Changes
Separately, Royal Bank Of Canada boosted their price objective on Cannae from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th.
Check Out Our Latest Report on CNNE
About Cannae
(
Free Report)
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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