Envestnet Asset Management Inc. Increases Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Envestnet Asset Management Inc. increased its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,237 shares of the company’s stock after purchasing an additional 22,859 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.35% of Cannae worth $3,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of Cannae by 1,616.0% during the second quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after buying an additional 1,309 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of Cannae by 48.9% during the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock valued at $36,000 after purchasing an additional 535 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Cannae in the second quarter worth about $48,000. nVerses Capital LLC purchased a new stake in shares of Cannae in the second quarter worth about $71,000. Finally, TFO Wealth Partners LLC boosted its stake in Cannae by 103,775.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,155 shares of the company’s stock valued at $78,000 after buying an additional 4,151 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Performance

Cannae stock opened at $19.11 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. Cannae Holdings, Inc. has a twelve month low of $15.93 and a twelve month high of $22.99. The company’s 50-day moving average price is $19.39 and its 200-day moving average price is $19.50. The company has a market cap of $1.20 billion, a PE ratio of -3.51 and a beta of 0.88.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, August 8th. The company reported ($2.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($2.32). The business had revenue of $118.00 million for the quarter, compared to analysts’ expectations of $112.00 million. Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The firm’s quarterly revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.16) EPS. On average, equities research analysts forecast that Cannae Holdings, Inc. will post -3.03 EPS for the current fiscal year.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Monday, September 16th. Cannae’s dividend payout ratio (DPR) is -8.82%.

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.