GSA Capital Partners LLP Buys 69,997 Shares of Cannae Holdings Inc (CNNE)
GSA Capital Partners LLP increased its holdings in shares of Cannae Holdings Inc (NYSE:CNNE) by 656.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,662 shares of the company’s stock after buying an additional 69,997 shares during the quarter. GSA Capital Partners LLP owned 0.11% of Cannae worth $1,496,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in Cannae during the first quarter worth approximately $15,331,000. Alps Advisors Inc. acquired a new stake in Cannae during the first quarter worth approximately $5,677,000. Poehling Capital Management LLC acquired a new stake in Cannae during the second quarter worth approximately $4,052,000. Comerica Bank grew its stake in Cannae by 56.8% during the second quarter. Comerica Bank now owns 411,026 shares of the company’s stock worth $8,089,000 after purchasing an additional 148,852 shares during the period. Finally, Mackay Shields LLC acquired a new stake in Cannae during the first quarter worth approximately $1,905,000. Institutional investors and hedge funds own 80.01% of the company’s stock.
Shares of CNNE stock traded up $0.68 during trading hours on Friday, reaching $20.88. The company had a trading volume of 396,386 shares, compared to its average volume of 238,475. Cannae Holdings Inc has a 12 month low of $16.16 and a 12 month high of $21.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.69.
In other Cannae news, Director Richard N. Massey purchased 39,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was bought at an average cost of $18.70 per share, with a total value of $729,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.90% of the company’s stock.
Several equities research analysts recently commented on the company. ValuEngine cut Cannae from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Zacks Investment Research upgraded Cannae from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, May 31st. Finally, TheStreet upgraded Cannae from a “d+” rating to a “c-” rating in a report on Thursday, September 6th.
Cannae Company 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 is based in Las Vegas, Nevada.
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