Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 82,225 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 bought a new stake in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,225 shares of the company's stock, valued at approximately $1,507,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Cannae as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CNNE. Spire Wealth Management increased its position in Cannae by 81.4% in the 1st quarter. Spire Wealth Management now owns 4,100 shares of the company's stock valued at $75,000 after buying an additional 1,840 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Cannae by 133.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock valued at $85,000 after buying an additional 2,436 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Cannae in the 4th quarter valued at about $122,000. GAMMA Investing LLC increased its position in Cannae by 2,236.9% in the 1st quarter. GAMMA Investing LLC now owns 8,413 shares of the company's stock valued at $154,000 after buying an additional 8,053 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Cannae in the 4th quarter valued at about $203,000. 88.12% of the stock is currently owned by institutional investors.

Cannae Stock Down 3.2%

Shares of NYSE:CNNE traded down $0.68 during midday trading on Friday, hitting $20.71. 531,795 shares of the company's stock were exchanged, compared to its average volume of 609,545. Cannae Holdings, Inc. has a 12 month low of $15.91 and a 12 month high of $22.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a 50 day moving average price of $20.45 and a 200-day moving average price of $19.06. The company has a market cap of $1.30 billion, a PE ratio of -3.94 and a beta of 1.06.

Cannae (NYSE:CNNE - Get Free Report) last issued 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 return on equity of 4.86% and a negative net margin of 73.64%. The firm had revenue of $103.20 million during the quarter, compared to the consensus estimate of $105.30 million. During the same period in the previous year, the company posted ($1.27) earnings per share. The company's revenue for the quarter was down 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 16th. Cannae's dividend payout ratio is presently -9.13%.

Analysts Set New Price Targets

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

Cannae 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.