Horrell Capital Management Inc. Has $873,000 Stock Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Horrell Capital Management Inc. trimmed its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 43,950 shares of the company’s stock after selling 800 shares during the quarter. Horrell Capital Management Inc.’s holdings in Cannae were worth $873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in Cannae by 10.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,384 shares of the company’s stock valued at $236,000 after acquiring an additional 1,150 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Cannae by 29.6% in the fourth quarter. Global Retirement Partners LLC now owns 5,251 shares of the company’s stock valued at $104,000 after purchasing an additional 1,198 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Cannae by 9.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,133 shares of the company’s stock valued at $384,000 after buying an additional 1,789 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Cannae by 9.9% during the fourth quarter. SG Americas Securities LLC now owns 20,102 shares of the company’s stock valued at $399,000 after buying an additional 1,817 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Cannae by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 12,312 shares of the company’s stock valued at $245,000 after buying an additional 2,014 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Oppenheimer cut their price objective on shares of Cannae from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada dropped their price target on shares of Cannae from $27.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th.

Cannae Price Performance

Shares of NYSE CNNE opened at $18.79 on Monday. The company has a market capitalization of $1.18 billion, a PE ratio of -3.91 and a beta of 0.86. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $18.84 and its 200-day moving average price is $19.47. Cannae Holdings, Inc. has a twelve month low of $15.99 and a twelve month high of $22.99.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 2.55%. Cannae’s dividend payout ratio is currently -10.17%.

About Cannae

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.