Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Cannae Holdings, Inc. (NYSE:CNNE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $1.51 million in Cannae Holdings by acquiring 82,225 shares, representing around 0.13% of the company.
• Several other institutional investors have also significantly increased their stakes in Cannae, with Saba Capital Management L.P. enhancing its position by 92.3% in the last quarter.
• Cannae Holdings recently declared a quarterly dividend of $0.12 per share, which indicates an annualized dividend yield of 2.2%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 82,225 shares of the company's stock, valued at approximately $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of Cannae as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management boosted its stake in Cannae by 81.4% during the 1st quarter. Spire Wealth Management now owns 4,100 shares of the company's stock valued at $75,000 after purchasing an additional 1,840 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Cannae by 133.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock valued at $85,000 after purchasing an additional 2,436 shares during the period. Ameriflex Group Inc. acquired a new position in Cannae during the 4th quarter valued at about $122,000. GAMMA Investing LLC lifted its stake in shares of Cannae by 2,236.9% in the 1st quarter. GAMMA Investing LLC now owns 8,413 shares of the company's stock worth $154,000 after acquiring an additional 8,053 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Cannae in the 4th quarter worth approximately $203,000. Institutional investors own 88.12% of the company's stock.

Cannae Stock Performance

Cannae stock traded up $0.26 during mid-day trading on Monday, reaching $20.97. The company had a trading volume of 125,974 shares, compared to its average volume of 634,586. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.04. Cannae Holdings, Inc. has a 52 week low of $15.91 and a 52 week high of $22.36. The company has a 50 day moving average of $20.45 and a 200-day moving average of $19.06. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -3.99 and a beta of 1.06.

Cannae (NYSE:CNNE - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.03). Cannae had a negative net margin of 73.64% and a negative return on equity of 4.86%. The business had revenue of $103.20 million during the quarter, compared to analyst estimates of $105.30 million. During the same quarter in the prior year, the company posted ($1.27) EPS. The company's quarterly revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts expect that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, June 16th. Cannae's dividend payout ratio (DPR) is presently -9.13%.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their target price on shares of Cannae from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th.

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.