Thompson Siegel & Walmsley LLC Sells 239,870 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Thompson Siegel & Walmsley LLC trimmed its position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 743,846 shares of the company's stock after selling 239,870 shares during the period. Thompson Siegel & Walmsley LLC owned about 1.05% of Cannae worth $14,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Cannae by 11.8% in the third quarter. Bank of New York Mellon Corp now owns 1,026,557 shares of the company's stock valued at $19,135,000 after acquiring an additional 108,718 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Cannae in the 3rd quarter valued at $187,000. Park Avenue Securities LLC bought a new stake in Cannae in the third quarter worth $189,000. Principal Financial Group Inc. acquired a new position in Cannae during the third quarter worth $198,000. Finally, Victory Capital Management Inc. raised its holdings in Cannae by 27.8% during the third quarter. Victory Capital Management Inc. now owns 54,197 shares of the company's stock valued at $1,010,000 after buying an additional 11,803 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

Cannae Stock Performance

Shares of Cannae stock traded up $0.33 on Friday, reaching $20.55. The stock had a trading volume of 455,219 shares, compared to its average volume of 487,888. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 1.65. The business's 50-day moving average price is $21.03 and its two-hundred day moving average price is $20.01. The stock has a market cap of $1.29 billion, a P/E ratio of -3.78 and a beta of 0.91. Cannae Holdings, Inc. has a fifty-two week low of $15.93 and a fifty-two week high of $22.99.

Cannae (NYSE:CNNE - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.94). Cannae had a negative return on equity of 16.24% and a negative net margin of 74.62%. The firm had revenue of $110.70 million during the quarter, compared to the consensus estimate of $126.23 million. During the same quarter last year, the business earned ($0.05) EPS. The business's revenue was down 28.3% compared to the same quarter last year. On average, sell-side analysts forecast that Cannae Holdings, Inc. will post -0.93 EPS for the current year.

Cannae Announces Dividend

The firm also recently announced a -- dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 14th.

Analyst Upgrades and Downgrades

Separately, Oppenheimer upped their price target on Cannae from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th.

Insider Activity at Cannae

In other news, CEO Richard N. Massey sold 23,050 shares of the firm's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $20.57, for a total value of $474,138.50. Following the sale, the chief executive officer now owns 404,367 shares in the company, valued at $8,317,829.19. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Richard N. Massey sold 23,050 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $20.57, for a total value of $474,138.50. Following the completion of the sale, the chief executive officer now owns 404,367 shares in the company, valued at $8,317,829.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard N. Massey sold 30,000 shares of Cannae stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $19.63, for a total value of $588,900.00. Following the sale, the chief executive officer now directly owns 274,367 shares in the company, valued at $5,385,824.21. The disclosure for this sale can be found here. Insiders sold a total of 103,050 shares of company stock worth $2,104,039 in the last 90 days. 7.40% of the stock is owned by company insiders.

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.