Continental Advisors LLC buys 89,284 shares of Cannae Holdings, Inc. (NYSE:CNNE)

Continental Advisors LLC grew its position in shares of Cannae Holdings, Inc. (NYSE:CNNE – Free Report) by 59.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 238,594 shares of the company’s stock after purchasing an additional 89,284 shares during the quarter. Cannae comprises about 1.9% of Continental Advisors LLC’s investment portfolio, making the stock its 15th largest position. Continental Advisors LLC’s holdings in Cannae were worth $4,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNNE. CWM LLC grew its position in shares of Cannae by 1,616.0% in the second quarter. CWM LLC now owns 1,390 shares of the company’s stock worth $25,000 after purchasing an additional 1,309 shares during the period. Principal Securities Inc. bought a new stake in Cannae during the fourth quarter valued at $36,000. EntryPoint Capital LLC boosted its holdings in Cannae by 48.9% in the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock worth $36,000 after acquiring an additional 535 shares during the period. Inçalta Capital LLC bought a new position in shares of Cannae in the second quarter worth approximately $48,000. Finally, nVerses Capital LLC purchased a new position in shares of Cannae in the second quarter valued at approximately $71,000. Institutional investors and hedge funds own 88.12% of the company’s shares.

Cannae stock down 0.2%

Shares of Cannae stock opened at $19.31 on Monday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -3.55 and a beta of 0.88. The stock’s 50-day moving average is $19.43 and its 200-day moving average is $19.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01, and a quick ratio of 1.01. Cannae Holdings, Inc. has a one year low of $15.93 and a one year high of $22.99.

Cannae (NYSE:CNNE – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($2.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). The business had revenue of $118.00 million for the quarter, compared to the consensus estimate of $112.00 million. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. Cannae’s quarterly revenue was down 22.8% year over year. In the same quarter last year, the company posted ($1.16) earnings per share. Equities research analysts anticipate that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.12 dividend. This represents a dividend of $0.48 on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, September 16. Cannae’s payout ratio is -8.82%.

About Cannae

(Free Report)

Cannae Holdings, Inc is a leading investment firm. The firm primarily invests in restaurants, technology-based healthcare services, financial services and more. Both minority and majority stakes are needed. Cannae Holdings, Inc was founded in 2014 and is headquartered in Las Vegas, Nevada.

Further reading

Want to see what other hedge funds own CNNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Cannae Holdings, Inc. (NYSE:CNNE – Free Report).

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