Cannae Holdings, Inc. $CNNE Stake Lifted by Poehling Capital Management INC.

Poehling Capital Management INC. lifted its position in Cannae Holdings, Inc. (NYSE:CNNE) by 46.4% in the 1st quarter, Holdings Channel reports. The fund owned 954,190 shares of the company’s stock after acquiring an additional 302,494 shares during the quarter. Cannae accounts for 2.3% of Poehling Capital Management INC.’s holdings, making the stock its 10th biggest holding. Poehling Capital Management INC.’s holdings in Cannae were worth $10,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNNE. Private Management Group Inc. boosted its position in shares of Cannae by 5.9% during the third quarter. Private Management Group Inc. now owns 1,679,660 shares of the company’s stock valued at $30,755,000 after purchasing an additional 94,002 shares in the last quarter. Almitas Capital LLC raised its holdings in Cannae by 73.4% in the third quarter. Almitas Capital LLC now owns 556,688 shares of the company’s stock worth $10,193,000 after purchasing an additional 235,702 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Cannae by 83.8% in the third quarter. JPMorgan Chase & Co. now owns 289,963 shares of the company’s stock worth $5,309,000 after purchasing an additional 132,166 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Cannae in the third quarter worth $1,300,000. Finally, Comerica Bank lifted its position in Cannae by 64.3% during the fourth quarter. Comerica Bank now owns 138,625 shares of the company’s stock valued at $2,181,000 after buying an additional 54,266 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

CNNE has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a report on Wednesday, April 8th. Stephens reissued an “overweight” rating and set a $17.00 price target on shares of Cannae in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Cannae in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cannae presently has an average rating of “Hold” and a consensus target price of $17.00.

Cannae Price Performance

Shares of NYSE:CNNE opened at $14.45 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $635.11 million, a price-to-earnings ratio of -1.85 and a beta of 1.19. The business has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.85. Cannae Holdings, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $21.96.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.30). Cannae had a negative net margin of 103.77% and a negative return on equity of 36.53%. The company had revenue of $96.20 million for the quarter, compared to analysts’ expectations of $99.77 million. During the same period in the previous year, the business earned ($1.81) EPS. The business’s revenue was down 6.8% compared to the same quarter last year. On average, analysts expect that Cannae Holdings, Inc. will post -2.4 earnings per share for the current year.

Cannae Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.60 annualized dividend and a yield of 4.2%. Cannae’s dividend payout ratio (DPR) is currently -7.68%.

About Cannae

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.