Quest Partners LLC decreased its holdings in shares of Cannae Holdings, Inc. ( NYSE:CNNE – Free Report ) by 53.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,106 shares of the company’s stock after selling 26,948 shares during the quarter. Quest Partners LLC’s holdings in Cannae were worth $440,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in 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 in the last quarter. EntryPoint Capital LLC lifted its position in shares of 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 buying an additional 535 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Cannae during the 2nd quarter worth about $48,000. nVerses Capital LLC acquired a new position in shares of Cannae during the 2nd quarter valued at about $71,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Cannae in the 2nd quarter valued at approximately $91,000. Institutional investors and hedge funds own 88.12% of the company’s stock. Wall Street Analyst Weigh In Separately, Royal Bank of Canada upped their target price on Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Cannae Stock Up 1.7 % Cannae stock opened at $21.12 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -4.39 and a beta of 0.87. The firm has a fifty day moving average price of $19.54 and a two-hundred day moving average price of $19.21. Cannae Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $22.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. Cannae ( NYSE:CNNE – Get Free Report ) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). The business had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $105.67 million. Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The firm’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.18) EPS. As a group, analysts forecast that Cannae Holdings, Inc. will post -2.97 earnings per share for the current year. Cannae Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.27%. Cannae’s payout ratio is -9.98%. About Cannae ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding CNNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cannae Holdings, Inc. ( NYSE:CNNE – Free Report ). Receive News & Ratings for Cannae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannae and related companies with MarketBeat.com's FREE daily email newsletter .
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Arthur D. Cashin Jr., a longtime Wall Street executive and noted philanthropist, passed away at the age of 83. Born in Jersey City in 1941, Cashin built a career spanning over six decades in finance while dedicating himself to charitable initiatives. Cashin began his career in 1959 at the brokerage firm Thomson McKinnon at just 17 years old, following the unexpected death of his father. By 23, he became a partner at P.R. Herzig & Co., earning recognition as one of the youngest members of the New York Stock Exchange. In 1976, Cashin briefly left Wall Street to run for mayor of Jersey City, seeking to tackle corruption in his hometown, although his campaign was unsuccessful. He was quoted as saying, “once they discovered I was honest, there wasn’t much chance I was going to get elected.” He then returned to finance and joined PaineWebber in 1980 to manage its floor operations, continuing in this role after UBS acquired the firm in 2000. Cashin was also a prolific market historian and storyteller. His daily commentary, Cashin’s Comments , was distributed for more than 40 years, blending historical anecdotes with market analysis. For over 25 years he was also a regular contributor on CNBC, delivering accessible analyses of complex financial trends with wit and clarity. “Once they discovered I was honest, there wasn’t much chance I was going to get elected.” window.zone_load_1932545442 = function(z, d) { if (!d.count) document.getElementById('zone_load_1932545442').style.display = 'none'; }; Cashin was deeply involved in charitable activities at the New York Stock Exchange, founding the NYSE Christmas Dinner Fund in 1982 to provide meals for underprivileged families during the holidays. The initiative once delivered meals to 185,000 individuals in a single year and received a special citation from President Ronald Reagan in 1987. Cashin also chaired the NYSE Fallen Heroes Fund, which raised over $6 million for the families of first responders following the 9/11 attacks. He received numerous accolades for his work, including the Good Scout Award from the Greater New York Boy Scouts and induction into the Xavier High School Hall of Fame in 2010. In addition to his philanthropic contributions, Cashin was a member of several organizations, including the Bond Club of New York, Mensa, and the Knights of Malta. Cashin is remembered for his enduring influence on Wall Street and his significant charitable efforts, which impacted countless lives. In lieu of flowers, the family requests donations be made to the Arthur D. Cashin Jr. Memorial Scholarship at Xavier High School. Contributions may be sent to Xavier High School, 30 West 16th Street, New York, NY 10011.Warriors heed Kerr's plea even as Steph struggles in loss
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