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

Horrell Capital Management Inc. reduced its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 43,950 shares of the company’s stock after selling 800 shares during the quarter. Horrell Capital Management Inc. owned approximately 0.07% of Cannae worth $873,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. FMR LLC increased its holdings in Cannae by 17.6% in the third quarter. FMR LLC now owns 2,653,854 shares of the company’s stock valued at $50,582,000 after purchasing an additional 397,352 shares during the period. State Street Corp grew its position in shares of Cannae by 1.6% in the 3rd quarter. State Street Corp now owns 1,605,351 shares of the company’s stock valued at $30,598,000 after buying an additional 25,403 shares during the last quarter. Private Management Group Inc. acquired a new stake in shares of Cannae in the fourth quarter valued at about $16,643,000. JPMorgan Chase & Co. raised its position in shares of Cannae by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock worth $8,666,000 after acquiring an additional 44,691 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in shares of Cannae by 1.2% in the fourth quarter. Crescent Grove Advisors LLC now owns 324,220 shares of the company’s stock worth $6,439,000 after acquiring an additional 3,957 shares during the period. Institutional investors own 88.12% of the company’s stock.

Analysts Set New Price Targets

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

Cannae Stock Performance

CNNE stock opened at $18.79 on Monday. Cannae Holdings, Inc. has a 1-year low of $15.99 and a 1-year high of $22.99. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $18.84 and a 200-day moving average price of $19.47. The firm has a market cap of $1.18 billion, a PE ratio of -3.91 and a beta of 0.86.

Cannae Dividend Announcement

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