Gamco Investors INC. ET AL Increases Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Gamco Investors INC. ET AL raised its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,725 shares of the company’s stock after buying an additional 900 shares during the period. Gamco Investors INC. ET AL owned about 0.10% of Cannae worth $1,373,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Simplex Trading LLC purchased a new stake in shares of Cannae in the 4th quarter worth about $27,000. EntryPoint Capital LLC lifted its position in shares of Cannae by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock worth $36,000 after purchasing an additional 535 shares during the period. Principal Securities Inc. purchased a new stake in shares of Cannae in the 4th quarter worth about $36,000. Financial Management Professionals Inc. purchased a new stake in shares of Cannae in the 1st quarter worth about $79,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Cannae by 103,775.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock worth $78,000 after purchasing an additional 4,151 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Stock Up 1.8 %

NYSE CNNE traded up $0.35 during trading hours on Friday, reaching $20.15. 293,087 shares of the company’s stock traded hands, compared to its average volume of 491,207. Cannae Holdings, Inc. has a 52-week low of $15.93 and a 52-week high of $22.99. The firm has a market cap of $1.26 billion, a PE ratio of -3.70 and a beta of 0.88. The firm has a 50-day simple moving average of $18.45 and a 200 day simple moving average of $20.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.32 and a quick ratio of 3.06.

Cannae (NYSE:CNNE) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($1.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.94). Cannae had a negative net margin of 74.62% and a negative return on equity of 16.50%. The business had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $126.23 million. During the same period last year, the business earned ($0.05) earnings per share. The company’s revenue was down 28.3% on a year-over-year basis. Sell-side analysts anticipate that Cannae Holdings, Inc. will post -1.8 EPS for the current fiscal year.

Cannae Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, June 14th. Cannae’s dividend payout ratio (DPR) is currently -8.82%.

Insider Activity at Cannae

In related news, Director Richard N. Massey sold 25,752 shares of Cannae stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $19.38, for a total transaction of $499,073.76. Following the completion of the transaction, the director now directly owns 248,615 shares of the company’s stock, valued at approximately $4,818,158.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 10.90% of the stock is currently owned by corporate insiders.

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.