Driehaus Capital Management LLC Decreases Position in Cannae Holdings, Inc. (NYSE:CNNE)

Driehaus Capital Management LLC reduced its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,116,710 shares of the company's stock after selling 32,346 shares during the quarter. Driehaus Capital Management LLC owned 1.78% of Cannae worth $22,178,000 as of its most recent filing with the SEC.Several other hedge funds have also modified their holdings of CNNE. Continental Advisors LLC grew its stake in shares of Cannae by 0.3% during the fourth quarter. Continental Advisors LLC now owns 239,623 shares of the company's stock valued at $4,759,000 after acquiring an additional 624 shares in the last quarter. Global Retirement Partners LLC grew its stake in Cannae by 29.6% during the 4th 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. SG Americas Securities LLC increased its holdings in Cannae by 9.9% during the 4th quarter. SG Americas Securities LLC now owns 20,102 shares of the company's stock worth $399,000 after purchasing an additional 1,817 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Cannae by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 34,432 shares of the company's stock valued at $684,000 after purchasing an additional 1,883 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of Cannae by 19.6% during 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 hedge funds and other institutional investors. Cannae Stock PerformanceShares of CNNE opened at $18.48 on Friday. The stock has a market capitalization of $1.16 billion, a PE ratio of -3.84 and a beta of 1.03. The business's fifty day moving average price is $17.60 and its 200 day moving average price is $19.15. 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 Holdings, Inc. has a 12-month low of $15.92 and a 12-month high of $22.36. Cannae announced that its board has authorized a stock repurchase program on Tuesday, March 25th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued. Cannae Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.60%. Cannae's payout ratio is currently -10.17%. Analyst Ratings ChangesA number of analysts recently issued reports on the stock. Oppenheimer dropped their price target on shares of Cannae from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada cut their target price on shares of Cannae from $27.00 to $23.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th.Check Out Our Latest Analysis on CannaeAbout 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 ArticlesFive stocks we like better than CannaeStock Market Sectors: What Are They and How Many Are There? IBM's AI Offensive: Assessing IBM's Path to Renewed GrowthWhy Are Stock Sectors Important to Successful Investing?Rockwell Automation: Tailwinds From Onshoring U.S. ProductionThe Top 3 Healthcare Dividend Stocks to Buy and HoldIs Energy Transfer Undervalued or a Value Trap?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).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cannae Right Now?Before you consider Cannae, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cannae wasn't on the list.While Cannae currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here